About this episode

Gita Gopinath discusses the global rise in interest rates and the fragility of bond markets amidst various economic pressures.

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 Only http://Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at  bloomberg.com/subscriptions/oddlots Subscribe to the Odd Lots Newsletter Join the conversation: discord.gg/oddlots See omnystudio.com/listener for privacy information.

People in this episode

Guest: Gita Gopinath

Topics covered

• interest rates
• bond market
• inflation
• demographics
• public debt
• AI boom
• investor behavior

Keywords

• interest rates
• bond market
• inflation
• demographics
• public debt
• AI
• investors

Mentioned in this episode

Organizations: Harvard, IMF

Places: Japan, Korea, UK, US

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