Global Macro Research

Macro Bytes: Why are bond yields rising?

Paul and Luke talk to James McCann, Deputy Chief Economist at abrdn, about the significant rise in global bond yields.

Authors

Paul Diggle

Chief Economist

Luke Bartholomew

Deputy Chief Economist

Contributors

James McCann

Part of the series:

Macro Bytes

Duration: 26 mins

Date: Nov 03, 2023

A podcast discussion about what has driven the increase in global bond yields and in
particular, the importance of rising term premia for the economy and monetary
policy.

Podcast 1

Transcript

Global Macro Research35 min Read

How could stablecoins reshape the global financial system?

Stablecoins may be reshaping the digital payments landscape and could soon influence everything from US debt markets to monetary policy. Paul and Luke investigate.

Aug 22, 2025

Global Macro Research27 min Read

Is the Fed about to be 'Trumpified'?

We explore how political pressure on the Federal Reserve, rising inflation and slowing growth are reshaping the US economic outlook – and what it could mean for interest rates.

Aug 07, 2025

Global Macro Research4 min Read

The Monthly Macro Outlook Video - August 2025

Trade deals, tariff floors and fiscal flashpoints – Lizzy Galbraith breaks down the latest developments shaping the economic outlook.

Aug 04, 2025

Global Macro Research1 min Read

Japan continuity despite an election setback

Japan’s ruling coalition lost its majority in the upper house, weakening PM Shigeru Ishiba’s leadership. The outcome threatens the domestic policy agenda, complicates the trade talks with the US, and could trigger near-term bouts of market turmoil. But the longer-term outlook for Japanese assets looks stable.

Jul 21, 2025

Global Macro Research1 min Read

Is China selling its US Treasuries?

After accounting for the use of custodians and acknowledging the role of state-owned enterprises, there seems to be limited evidence of China actively reducing its exposure to US assets. That said, holdings as a share of foreign assets may have been falling, while opportune sales could occur in an attempt to recruit ‘bond vigilantes’ and moderate US trade policy.

Jul 09, 2025

View all articles