According to Andre Dragosch, sovereign bonds in major developed markets will demand higher risk premiums than top-rated corporate bonds, signaling a regime where government yield spreads over IG credit widen, source: Andre Dragosch on X, Sep 15, 2025. The prediction implies traders should focus on sovereign-versus-IG relative value, monitoring sovereign-corporate yield differentials, term premium gauges, and CDS-bond basis dynamics across UST, Bund, and JGB markets, source: Andre Dragosch on X, Sep 15, 2025. For risk assets and crypto, traders can track global sovereign yields and IG spreads as macro risk-appetite indicators if this regime materializes, source: Andre Dragosch on X, Sep 15, 2025.