A major financial shock is brewing, with 2026 approaching, warning signals.

A significant event will occur in 2026. No, this is not another banking crisis or a typical economic recession cycle. This time, the pressure is focused on the core of the global system: sovereign bonds.
The first warning signal? MOVE Index. Bond volatility is awakening.
Currently, three hidden fault lines around the world are simultaneously under pressure:
1️⃣ Financing from the U.S. Department of the Treasury
2️⃣ Japan's yen and arbitrage trading system
3️⃣ China's excessively leveraged credit system
Any one of these fractures is enough to shake the world. And what if these three fault lines erupt simultaneously in 2026? Everything will collapse.
Let's start with the fastest-growing one: the U.S. Treasury financing shock.
In 2026, the United States will have to issue a record amount of debt. At the same time, the deficit continues to swell, interest costs are rising, foreign demand is shrinking, traders are feeling the pinch, and the auction market is under pressure.
In other words: this is the perfect combination that leads to the failure or serious obstruction of long-term government bond auctions.
This is not a speculation. The data has confirmed this: weak auctions, increased tail volatility, reduced indirect bidding, and rising volatility in the long-term government bond market.
If this feels familiar to you, it is because the UK’s golden bond crisis in 2022 erupted for the same reason. However, the scale of the crisis has now expanded globally.
Why is this so important? Because everything is closely related to government bonds: mortgages, corporate credit, global forex, emerging market borrowing, repo markets, derivatives, and collateral.
If the long-term government bond market experiences turmoil, the entire system will be affected.
Now, let's also consider the situation in Japan.
Japan is the largest foreign buyer of U.S. Treasury bonds in the world and is also a pillar of global arbitrage trading. If the USD/JPY exchange rate soars to 160-180, the Bank of Japan will have to intervene, arbitrage trading will begin to unwind, and Japanese pension funds will sell foreign bonds... The volatility of U.S. Treasury bonds will further intensify.
Japan will not only be impacted but will also amplify the impact.
In addition, there is China.
Behind the scenes lies a local government debt bubble worth 9-11 trillion dollars. Once a large local government financing platform (LGFV) or state-owned enterprise goes bankrupt, the renminbi depreciates, emerging market panic ensues, commodity prices soar, the dollar strengthens, and U.S. Treasury yields rise again.
China will become the second amplifier on this chain.
So, what exactly triggered the crisis in 2026?
➡️ The auction performance of 10-year or 30-year U.S. Treasury bonds is weak.
A disastrous auction could trigger soaring yields, traders fleeing, a surge in the dollar, tightening global financing, and a forced repricing of risk assets all at once.
What will happen next?
Phase One:
Long-term yields surge.
The US dollar surges.
Liquidity exhaustion.
Japan intervenes.
The offshore yuan has depreciated.
Credit spread widens.
Bitcoin and tech stocks have been heavily sold off.
Silver has underperformed compared to gold.
The stock market fell by 20% to 30%.
This is a funding shock, not a solvency crisis, and it is developing rapidly.
The following are the inevitable measures that the central bank will take: injecting liquidity, providing swap quotas, repurchasing government bonds, and even possibly implementing temporary yield curve control.
These measures stabilized the market... but also led to excess liquidity.
The influx of liquidity has opened the second phase.
The second phase is precisely when opportunities arise: real yields plummet, gold prices break upward, silver leads the rise, Bitcoin rebounds, commodity prices soar, and the dollar ultimately peaks.
This marks the beginning of the inflation wave from 2026 to 2028.
Why does everything point to the year 2026?
Because multiple global pressure cycles are peaking simultaneously.
Warning signal has been issued: The MOVE index is on the rise.
When the MOVE index, USD/JPY, RMB, and the 10-year government bond yield all start to move in the same direction...
……what you see is a countdown of 1-3 months.
The last point: the world can withstand an economic recession.
But what it cannot bear is a chaotic national debt market.
In 2026, this pressure will finally erupt.
First is the financing shock, then the largest hard asset bull market in a decade. $BTC