Gita Gopinath on Why Interest Rates Have Surged All Around the World
5/29/202652 min
There's been a massive selloff in the bond market and rates are rising all around the world. Japan, Korea, the UK... You name it. Gita Gopinath, Harvard economics professor and the former first deputy managing director of the IMF, has long warned that bond markets are "in a fragile place." She sees a confluence of demographics, high levels of public debt, and the intense capital needs of the AI boom creating inflationary pressure all around the world. Today we speak with Gopinath about the seeming disconnect between stocks and bonds and why investors may be wrong to assume that governments will have their back the next time there's a major shock.
Read more:
US Bonds’ Return to Pre-War Calm Fuels Bets It’ll Be Short-Lived
China Sells $885 Million of Green Bonds in Hong Kong Debut
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First 90 secondsJoe Weisenthal· Host0:00
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Speaker 30:57
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Tracy Alloway· Host1:07
[upbeat music] Hello, and welcome to another episode of the Odd Lots podcast. I'm Tracy Alloway.
Joe Weisenthal· Host1:22
And I'm Joe Weisenthal.
Tracy Alloway· Host1:23
Joe, the big story in markets right now has to be one of the big stories, the bond market sell-off.