From: Cameron Otsuka <cameron@otsuka.haus>
Date: Tue, 1 Sep 2026 19:11:24 +0000 (-0400)
Subject: add inference draft 2026-26
X-Git-Url: https://git.otsuka.systems/?a=commitdiff_plain;h=60320cda4242cdca0cb40ce9d7519d7cd2722fca;p=cotsuka.github.io

add inference draft 2026-26
---

diff --git a/content/articles/g20-ministers-watching-their-yields/g20-ministers-watching-their-yields.png b/content/articles/g20-ministers-watching-their-yields/g20-ministers-watching-their-yields.png
new file mode 100644
index 0000000..0b39fb9
Binary files /dev/null and b/content/articles/g20-ministers-watching-their-yields/g20-ministers-watching-their-yields.png differ
diff --git a/content/articles/g20-ministers-watching-their-yields/index.mdx b/content/articles/g20-ministers-watching-their-yields/index.mdx
new file mode 100644
index 0000000..e271465
--- /dev/null
+++ b/content/articles/g20-ministers-watching-their-yields/index.mdx
@@ -0,0 +1,61 @@
+---
+title: 'G20 Ministers Watching Their Yields'
+type: newsletter
+date: 2026-09-01
+modified: 2026-09-01
+description: Sovereign yields are back at their highs just as the political and geopolitical backdrop gets messier.
+publication:
+  name: Inference Draft
+  issue: 2026
+  volume: 36
+tags:
+  - macro
+posse:
+  Substack: https://inferencedraft.substack.com/p/g20-ministers-watching-their-yields
+---
+
+import { Picture } from 'astro:assets';
+import YouTube from '@components/youtube.astro';
+import g20 from './g20-ministers-watching-their-yields.png';
+import yields from './sovereign-bond-yields.png';
+
+<Picture
+  src={g20}
+  alt="Fractured World Network Control Screen"
+/>
+
+I am attending the G20 finance ministers and central bank governors, so look to my upcoming Mine Print Hash episode for my take on what I heard and saw at the summit. Today is just a quick post.
+
+The charts we all the ministers are referring to when they talk about yields, "borrowing costs," sovereign debt, etc.:
+
+<Picture
+  src={yields}
+  alt="Sovereign Bond 10-Year Yields Over the Past Year"
+/>
+
+---
+
+## Mine Print Hash
+
+On last week's episode, we discuss Bessent's "economic D-Day," Operation Economic Outcast. We follow the sanctions through the banking layer, connecting everything back to the infrastructure competition for the stablecoin dollar era.
+
+<YouTube
+  title="Operation Economic Outcast: Bessent's D-Day and the Race to Build New Dollar Infrastructure"
+  videoURL="https://www.youtube.com/watch?v=cc3QDnSYHB8"
+/>
+
+---
+
+## Open Threads
+
+
+UK making headlines:
+
+- UK is now a full member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). [Link](https://www.gov.uk/government/news/uk-secures-full-access-to-13-trillion-cptpp-trading-bloc)
+- Keir Starmer out. [Link](https://www.ft.com/content/61c9b686-2db7-4f24-80a0-8b75a144c7b6)
+- Andrew Bailey says AI is a danger to the financial system. [Link](https://www.ft.com/content/ed723a59-a889-40e0-b601-0c1f16c92f65)
+
+Hormuz goes hot again:
+
+- Saudi and South Korean oil tankers hit. [Link](https://www.ft.com/content/bbbce2e1-6542-4806-9c26-d35e8c3b702e)
+- US strikes Iran. [Link](https://apnews.com/article/iran-us-strikes-ad84a64884aedbbd1e5914182bb3cd8d)
diff --git a/content/articles/g20-ministers-watching-their-yields/sovereign-bond-yields.png b/content/articles/g20-ministers-watching-their-yields/sovereign-bond-yields.png
new file mode 100644
index 0000000..5ab0415
Binary files /dev/null and b/content/articles/g20-ministers-watching-their-yields/sovereign-bond-yields.png differ