Daybreak Europe: Laying Down the Gauntlet

The video discusses significant movements in global government bond yields, highlighting a hawkish pivot by central banks. It examines the bond market's reaction, particularly in developed markets, where yields have turned negative. The discussion includes the impact on real yields, with a focus on the European Central Bank's role and the German curve. The video concludes with a look at global bond market developments, noting the first positive yields in Japan since 2016.

What evidence is there of a global bond market rout?

What significance does the ability to buy five-year paper in Japan with a positive yield have?