What’s driving the rise in global bond yields? | Market Week in Review
It offers a framework for explaining to clients why rates are moving when Fed policy alone does not account for it, tying bond supply, energy prices and inflation risk together. The Canada and Japan segment covers policy divergence across developed markets.
Summary
By the bonds & fixed income deskIn this Market Week in Review video, Russell Investments' global chief investment strategist Paul Eitelman and BeiChen Lin, head of Canadian strategy, explain why government bond yields have moved higher across several developed markets. They point to forces beyond Federal Reserve policy, including AI-related infrastructure investment, government budget deficits, higher energy prices, inflation concerns and diverging monetary-policy signals from Canada and Japan.
- Global government bond yields are rising as financing, inflation and policy pressures converge.
- AI-related infrastructure investment and government deficits are increasing the amount of debt investors are being asked to absorb.
- Energy prices are adding to inflation concerns and uncertainty for bond investors.
- Hawkish signals from the Bank of Canada and Bank of Japan point to growing divergence in global monetary policy.
Chapters
From the publisher’s description| Time | Chapter | Length |
|---|---|---|
| 01:28 Why are global bond yields rising? | 1 min | |
| 02:22 AI investment, deficits and bond supply | 1 min | |
| 03:57 Energy prices, inflation and Federal Reserve uncertainty | 2 min | |
| 06:56 Canada and Japan: diverging monetary policy | 3 min |
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