-
Global bond tantrum is a wrenching and worrisome start to 2025
For those unsettled by the relentless rise in government bond yields in the United States and across much of the world lately, the message from markets is getting clearer by the day: Get used to it. The world’s biggest bond market and global bellwether is leading a reset higher in borrowing costs, with the prospect of a prolonged period of elevated rates carrying consequences for economies and assets everywhere. Just days into 2025, yields on US government debt are surging as the risks to supposedly super-safe assets mount. The economy continues to power ahead – Jan 10’s blowout employment report provided the ... (full story)