The infamous bond vigilantes...


... are starting to inflict some real pain, and they’re not coming for just the US. 

The suffering for holders of the longest-dated bonds is global, and the market’s informal enforcers have brought enough rope to ensnare them all.

It’s tempting to pile the sharp rise in 30-year yields uniquely on the US and its squabbling politicians, but other markets are seeing selloffs just as dramatic, often thanks to their own local factors.

John Authers Bloomberg 22 May 2025

https://www.bloomberg.com/opinion/newsletters/2025-05-22/bond-vigilantes-may-need-a-lot-of-rope


US government bonds drop as worries over Trump’s tax bill flare up

Bolåneräntan över sju procent i USA

https://englundmacro.blogspot.com/2025/05/bolanerantan-over-sju-procent-i-usa.html


Det är lätt att vara efterklok - This Time Is Different

https://englundmacro.blogspot.com/2025/05/det-ar-latt-att-vara-efterklok.html



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