Pickering: It Makes Sense That Bond Yields Are Low

The video discusses global economic concerns, focusing on the move towards lower and negative interest rates. It explains bond yields, their relation to inflation expectations, and real growth. The speaker argues against the presence of a bubble in bond markets, using anecdotal evidence. The role of central banks and fiscal policy in influencing bond markets is also explored, highlighting structural issues linked to productivity.

What role does the central bank play in shaping bond market expectations?

In what ways can fiscal policy impact bond markets?