Long Rates Moving Up a Bit of a Puzzle: Torsten Slok

The video discusses the recent aggressive rise in long-term rates, questioning the underlying causes. It highlights that these changes are not driven by economic outlook shifts but by factors like Japan's yield curve control changes, US debt downgrade, and significant government debt. The lack of a haven bid in the treasury market despite China's economic slowdown is surprising. The video also notes the stock market's poor performance and its relation to rising long rates, emphasizing the role of non-economic factors.

Discuss the significance of non-economic variables mentioned in the text.

What surprising trends are observed in the stock market and long rates?