Global Bond Selloff and the End of Monetary Policy

The video discusses the rise in the 10-year term premium and its implications for monetary and fiscal policy. It explores the potential shift from monetary accommodation to fiscal policy and the impact on risky assets if this transition is not smooth. The discussion includes the role of elections in fiscal policy decisions and the behavior of investors in response to changes in term premium. The video also examines potential sources of global economic leadership and the influence of global bond yields and central bank actions on the market.

What are the implications of a divided government on fiscal policy growth expectations?

How might global bond yields influence investment decisions regarding U.S. Treasuries?

What role does the ECB play in the current bond market dynamics?