Gita Gopinath, the IMF’s First Deputy Managing Director, has issued a warning about the fragility of global bond markets due to rising yields. In a Bloomberg interview, Gopinath highlighted that high and increasing debt levels are causing stress in markets, particularly in the US, France, and the UK. She noted that investors are demanding higher compensation for holding debt, which is impacting bond market stability. Gopinath also cautioned about the risks in equity markets, citing high valuations and the impact of rising bond yields on corporate borrowing costs and future earnings. Her comments come as she prepares to leave the IMF, underscoring the urgency of her message about the interconnected risks facing both bond and equity markets.