Verde flags 'cracks' in global risk as long-term yields rise

Luis Stuhlberger's Verde Asset Management warns in its monthly letter that rising long-term interest rates in developed markets are beginning to transmit stress through global risk assets, describing the external environment as 'more inhospitable.' The letter cites multiple factors behind the yield increase and notes early signs of market fragmentation, though it does not specify a trigger or timeline. This signals growing concern among sophisticated investors about a potential repricing of risk assets.