World equity markets experienced strong selling pressure yesterday as yield curves steepen across the globe and market fear relating to the debt ceiling comes to the forefront. 10-year U.S. Treasury yields have risen from 1.18% to 1.53% in under two months and are up from 1.32% just a week ago.

Investors and global citizens alike are now over a year removed from the initial COVID-19 scare that shuttered businesses, brought economic activity across the globe to a halt, and caused a shift in human habits and interactions.Now, after a year that was, at minimum, challenging, the vast majority of signs are pointing to the outcome we’ve all been patiently waiting for: life returning to “normal”