Why global bond markets are convulsing
https://www.economist.com/finance-and-economics/2025/01/12/why-global-bond-markets-are-convulsing
Why Bond Yields Are Surging Around the World
https://www.wsj.com/finance/bond-yields-rising-charts-367dba8a
Selloff in government debt is making it costlier to borrow.
https://www.economist.com/finance-and-economics/2025/01/12/why-global-bond-markets-are-convulsing
https://www.wsj.com/finance/bond-yields-rising-charts-367dba8a
Selloff in government debt is making it costlier to borrow.
A Bond Selloff Is Rocking the World. You Might Want to Take the Other Side.
https://www.wsj.com/finance/investing/a-bond-selloff-is-rocking-the-world-you-might-want-to-take-the-other-side-ab1356c3
A rare ‘bear steepening’ trade is pressuring governments and worrying investors.
My take from November 2023:
Back to the future? The new interest rate normal might look a lot like the pre-crash era
https://thehill.com/opinion/finance/4299865-back-to-the-future-the-new-interest-rate-normal-might-look-a-lot-like-the-pre-crash-era/
Economic theory suggests that the 10-year T-note yield reflects expectations about the future path of short-term interest rates, which in turn reflect current expectations regarding inflation and economic growth. The term premium that goes with longer-term debt captures the risk compensation associated with the uncertainty surrounding future inflation and economic outlook, as well as the uncertainty surrounding interest rate changes that may occur over the life of the bond. After remaining persistently negative for several years, the term premium has finally turned positive.
https://www.wsj.com/finance/investing/a-bond-selloff-is-rocking-the-world-you-might-want-to-take-the-other-side-ab1356c3
A rare ‘bear steepening’ trade is pressuring governments and worrying investors.
My take from November 2023:
Back to the future? The new interest rate normal might look a lot like the pre-crash era
https://thehill.com/opinion/finance/4299865-back-to-the-future-the-new-interest-rate-normal-might-look-a-lot-like-the-pre-crash-era/
Economic theory suggests that the 10-year T-note yield reflects expectations about the future path of short-term interest rates, which in turn reflect current expectations regarding inflation and economic growth. The term premium that goes with longer-term debt captures the risk compensation associated with the uncertainty surrounding future inflation and economic outlook, as well as the uncertainty surrounding interest rate changes that may occur over the life of the bond. After remaining persistently negative for several years, the term premium has finally turned positive.