DEBT I- Government bond yields are the cost that Governments have to pay on the debt they owe. The debt costs for G7 nations have surged following the COVID-19 pandemic and Russia ' s invasion of Ukraine, as central banks raised interest rates aggressively to tame surging inflation. Elevated longer-term borrowing costs also reflect that investors want better returns to compensate for the risk of holding the debt. The Iran war is the latest challenge. At the end of Q1, the UK, where Benchmark 10-year yields in March hit their highest since 2008, pays the highest among peers at 4.84 %. However, the US is closing in on an unwelcome leadership where the fiscal drag created by debt is concerned with 10-year yields now at 4.32 %( from 0.67 % at the end of March 2020). Source: Reuters.

Sources: AMD, IDN, FT, Reuters, PSB, MPN, BDN, MCN, AP, Bloomberg, MSNW, Electrek, electricmotorcycles. news, RideApart. com, Motor1. com, Cycle World, motorbikewriter. com

DEBT II- Government debt is roughly equal to or higher than economic output across the G7 economies, with the exception of Germany, Europe ' s biggest economy. Since the 2008 global financial crisis, the 2011-12 euro zone debt crisis and the 2020 pandemic all saw G7 economies post increased debt levels, hurting growth and raising spending. A key metric is the Debt-to-GDP ratio( G2D), which has grown for all G7 economies since the 1980s. With the exception of Japan, which is an ' outlier ' in G2D ratio terms, peaking at over 250 % in 2020, and Italy( 150 % in 2020), each of the other five G7 nations has seen their ratio continue to deteriorate since the pandemic( USA, UK, France, Germany and Canada). The United States is now forecast to have overtaken Italy and be close to a 150 % G2D ratio by 2030- second only to Japan, whose ratio is expected to continue to improve, and Italy, who will replace USA as having the third highest ratio. Source: Reuters.

DEBT USA III- Higher post-pandemic borrowing costs are feeding into governments ' interest payments as they refinance low-cost debt at higher market rates. While well below historical peaks for many countries, interest payments as a share of output have risen steadily across most G7 countries recently, notably in the United States. In fact, interest payments across OECD countries, which include the U. S., already topped defense spending in 2024. As at Q1 of 2026, IMF data shows United States interest payments on public debt as a share of GDP having risen to a post- 1980 high of 4.0 %; ahead of Italy( 3.9 %), Canada( 3.5 %) and the deteriorating but debt-shedding UK economy at 2.8 %. Source: Reuters.

With back-to back wins from Hayden Gillim and a Podium Sweep in Race 2, the " Power, Precision and Superiority " of the Vance & Hines Indian Challenger was on full display, now capturing four straight wins and nine of the 12 Podium Spots to start the 2026 Season. Indian Motorcycle continued its red-hot start to the 2026 King of the Baggers season as the J & P Cycles / Motul / Vance & Hines Factory Indian Motorcycle Racing team delivered another dominant performance in round two at Road Atlanta( April 17-19, 2026). Hayden Gillim led the charge with backto-back race wins, while teammates Troy Herfoss and Rocco Landers captured three of the remaining four podium spots over the weekend, capped off by Indian Motorcycle Racing ' s first-ever podium sweep in Race 2 on the Sunday. Piloting what has been a virtually unbeatable Vance & Hines-built Indian Challenger, the Wrecking Crew once again demonstrated " the unrivaled power and precision of the PowerPlus 112-equipped bagger over a weekend of unprecedented success." Mike Kennedy, CEO of Indian Motorcycle said that " when we set out on this new journey with Vance & Hines, our ambitions were high, but in all honesty, the success we ' ve experienced so far is already more than we could have imagined- a powerful testament to our team and the amazing performance platform that the Indian Challenger provides us with. " What better way to reinforce the 125th Anniversary of a historic bornfrom-racing brand than to come out of

the gates in the dominant manner we have.

Race 1

After the team blocked out the front row finishing first, second and third in qualifying, Gillim set the tone early by capturing his second Mission King of the Baggers Challenge(" Dash for Cash ") victory. When Race 1 got underway, the Wrecking Crew quickly asserted themselves at the front, with Herfoss taking the early lead. With Gillim close behind, the two former champions ran wheel-to-wheel through the opening laps, maintaining the tightest of gaps before Gillim made a decisive move with six laps remaining to take the lead. From there, Herfoss gave Gillim everything he could handle all the way to the finish, with Gillim ultimately holding on for the win by just. 167 seconds.

Race 2

The dominance continued into Sunday with Race 2 as Gillim wasted no time positioning himself in the lead and immediately began gapping the field aboard his Indian Challenger. Coming out of turn one, Landers was running

fourth, while Herfoss made an early mistake during lap one that saw him fall all the way back into sixth. Up front, the shuffle continued behind Gillim as Landers quickly regrouped, charging back into third ahead of Tyler O ' Hara and then executing a strong move on lap two to overtake Bradley Smith and move into second. Meanwhile, Herfoss firmly set his intentions on a podium finish, showcasing impressive pace to fight his way back into fourth and ultimately begin the patient process of reeling in Smith. Out front, Gillim remained in complete control, laying down a blistering pace and stretching his lead lap after lap in route to a dominant, unchallenged run to the checkered flag, taking victory by 4.161 seconds. Behind him, Landers secured second, while Herfoss delivered a decisive late-race charge, diving underneath Smith with just two laps remaining to snatch the position and secure the Indian Wrecking Crew ' s first King of the Baggers podium sweep. This marked Gillim ' s third victory in four races, taking a one-point lead over Herfoss in Championship points with the two riders increasing a significant early-season gap over the rest of the field.