The Bond Market's Wild Ride: A Warning Sign for Policymakers The recent surge in US government bond yields has sent shockwaves through financial markets, leaving investors and policymakers scrambling to understand the sudden shift.
Stanford Professor Darrell Duffie notes that this spike is a stark reminder of the bond market's complexity and volatility, even for seasoned experts.
The 30 year US Treasury yield has broken above the 5% mark, a level not seen since 2008.