Market Took Excess Out of Bonds: BlackRock's Rieder

The video discusses the recent rise in the 10-year Treasury yield and its implications on global markets. It highlights the transition from monetary to fiscal policy and the anticipation of market changes. The discussion extends to global bond market movements, the divergence in economic policies, and the role of currency as a relief valve. The video also touches on investment strategies in response to these changes.

What implications does the divergence in economic policies between the US and other central banks have?

In what ways has the currency acted as a relief valve in the current economic situation?