NYTIMES (Sam Sifton) - The Word Is Bond
We explain what is happening in the bond market.
AXIOS (Emily Peck) - Why bonds are the most important market in the world
The bond market is growing more interesting lately — and that's concerning. Why it matters: The $160 trillion global bond market is like the plumbing in your house. You don't think about it until it stops working and you've got a nasty situation on your hands. The big picture: Long-term government bond yields for the U.S. and other G7 countries have been climbing — hovering at levels last seen in 2007 before the financial crisis — and raising concerns about borrowing costs growing more expensive for countries that are already staring down heavy debt loads. - The AI boom, meanwhile, has spread to the market for corporate bonds, sparking worries about a bubble. What to watch: It's a perfect moment to release a book laying out the…
YOUTUBE (Fox Business) - ‘DIRE SITUATION’: Bond market FLASHES Washington a major warning sign
‘The Big Money Show’ breaks down sliding stocks, surging oil prices, a global bond rout and how massive AI borrowing is colliding with U.S. deficit concerns. #foxbusiness #bigmoneyshow 0:05 — Stocks Slide as Treasury Yields Flash a Warning 2:49 — Is AI Spending Crowding Out U.S. Government Debt? 4:48 — America’s $40 Trillion Debt Problem 7:52 — Corporate Bonds Compete With Treasuries 10:24 — Iran Tensions, Rising Oil and the Inflation Threat
AXIOS (Emily Peck) - Bonds worry, while stocks enjoy the "bliss trade"
The stock market and the bond market are telling different stories about the economy: Bonds fear doom, while stocks see boom. Why it matters: That's a bit confusing for investors and policymakers looking to these markets to make decisions — or for anyone trying to get a read on (waves hands) everything. The intrigue: Stocks are betting on what former IMF chief economist Gita Gopinath calls the "bliss trade " — a belief that stocks can keep rallying even as bond investors price in more inflation risk. Zoom in: Central to this thinking is that any real geopolitical shocks will be offset by government spending, Gopinath, now a professor at Harvard University, wrote in the Financial Times. - That's what happened in the 2022 energy shock…