That September US payrolls report has triggered renewed selling in global bond markets. With yields threatening to hit fresh multi-year highs and investors scrambling for reasons behind the sell-off, Group Chief Economist Neil Shearing and Deputy Chief Markets Economist Jonas Goltermann tell David Wilder just worried we should be and what’s likely to happen next.
In this special episode of The Weekly Briefing, Neil and Jonas talk through a tumultuous few weeks in bond markets, addressing the key issues around this historic rout, including:
- Why bond yields have risen so far in such a short amount of time;
- Whether yields could rise further from here;
- The macro fall-out from the yield surge – not least financial stability risks.
What is The Weekly Briefing from Capital Economics?
Capital Economics, a world leading provider of macroeconomic insight, presents The Weekly Briefing – the show with all you need to know about what's happening in the global economy and markets. From the Fed's next decision to China's slowdown to moves in equities, bonds and FX, each week, our team of economists take apart the big economic and market stories and highlight the issues that investors should be paying more attention to.