The Perfect Storm Brewing in Fixed Income The global bond market is sending a clear signal: the era of ultra-cheap money is over, and the institutions that once propped up U.S. debt are quietly stepping back. For U.S. real estate investment trusts (REITs), this is not a distant storm cloud. It is a direct threat to their balance sheets, book values, and long-term viability. The convergence of rising Treasury yields, foreign sovereign divestment, and persistent inflation has c