A selloff in bonds has shaken markets around the world. Yields on benchmark US Treasuries jumped 20 basis points, with the 30-year rate surpassing 5%. Similar rises have been seen in Japanese and UK government bonds, as well as Australian bonds. What’s driving this trend? Global head of G-10 FX research at Standard Chartered, Steven Englander, joins us to explain.
According to Englander, rising interest rates are linked to concerns over the US fiscal position and the return of inflation. This unusual situation sees US Treasury yields increasing while the dollar weakens, a scenario not typically seen. Englander will discuss what’s behind these dramatic moves and how they relate to the balance between fiscal and monetary policy.
Source: https://www.bloomberg.com/news/articles/2025-05-22/steven-englander-on-why-interest-rates-are-shooting-up-all-around-the-world