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High-debt countries face sharper pressure in weaker Treasury backdrop
Pressure has intensified for France, Italy, the U.K., and Japan amid a rougher bond market environment beyond the U.S.
WSJ Markets reports that the stress in government bond markets that investors associate with a rough U.S. summer is looking even worse abroad.
According to the outlet, countries with large debt burdens, including France, Italy, the U.K., and Japan, have faced the heaviest pressure in recent months.
The report frames the broader move as a cross-country deterioration in sovereign bond conditions rather than a development limited to Treasurys.
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