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banking crisis

The Weekly Briefing:
How much more pain for bond markets?

A Capital Economics podcast
6th October, 2023

That September US payrolls report has triggered renewed selling in global bond markets. With yields threatening to hit fresh multi-year highs and investors scrambling for reasons behind the sell-off, Group Chief Economist Neil Shearing and Deputy Chief Markets Economist Jonas Goltermann tell David Wilder just worried we should be and what’s likely to happen next. 

In this special episode of The Weekly Briefing, Neil and Jonas talk through a tumultuous few weeks in bond markets, addressing the key issues around this historic rout, including: 

  • Why bond yields have risen so far in such a short amount of time;
  • Whether yields could rise further from here;
  • The macro fall-out from the yield surge – not least financial stability risks.