Source: World Economic Forum (video statements)
Why are there so many headlines right now about bond yields and interest rates? And what does it all mean for the global economy?
The latest Chief Economists Outlook, a regular pulse-check of the global economy, shows an uptick in the number of economists expecting stability rather than a downturn. We ask EY’s Chief Economist Gregory Daco why that is.
And he weighs in on the issue of interest rates: "Higher commodities prices, higher oil prices … are feeding into higher inflation and leading to expectations of central banks around the world tightening monetary policy to prevent inflation from becoming an anchored phenomenon."
Related episodes:
AI’s real impact on jobs – what it means for you, your company and future generations: https://www.weforum.org/podcasts/radio-davos/episodes/ai-jobs-education-cognizant/
The Hormuz shock, AI and China: the state of global energy, with Jason Bordoff: https://www.weforum.org/podcasts/radio-davos/episodes/amnc26-energy-china-hormuz-oil-gas-renewables-bordoff/
Chief Economists Outlook: counting the cost of the Hormuz crisis, with Maersk’s Ilaria Maselli: https://www.weforum.org/podcasts/radio-davos/episodes/chief-economists-outlook-maersk-ilaria-maselli/
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00:00 – Global Economic Shocks & Interest Rates
00:37 – Radio Davos & Chief Economists Outlook
01:52 – Key Findings: Global Economy Stabilizing?
04:41 – Inflation Outlook & Central Bank Rate Hikes
06:37 – What Is a Government Bond Yield?
08:42 – How Bond Prices and Yields Work
09:48 – Interview: EY Chief Economist Greg Daco
11:41 – The Impact of AI on Economic Productivity & Energy
14:03 – Why Technological Revolutions Cause Inflation
15:13 – Global Inflation Risks & Monetary Policy
17:07 – What Causes Government Bond Yields to Rise?
21:03 – Why the US 10-Year Treasury Yield Matters
23:34 – Drivers of Bond Market Volatility
26:45 – The US Treasury & Operation Twist Explained
27:36 – How AI Investment Competes with Government Bonds
29:03 – What Triggers Sharp Bond Yield Spikes?
30:29 – Are Bond Market Vigilantes a Reality Check?
32:53 – How Rising Bond Yields Affect Mortgages & Loans
35:54 – Structural Pressures on Long-Term Bond Yields
37:58 – Addressing National Debt & Fiscal Deficits
39:40 – Radio Davos Wrap-Up & WEF Resources
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