Ben chabot(@chabot_ben):What's driving the recent increase in global bond yields? Sovereign yields have increased notably in the past 10 weeks. Investors are concerned about inflation and deficits but have either become notable worse since June? In a new post on the blog, I look at the theory of sovereign debt runs where equalibrium yield depends on investors' beliefs about other investors' behaviors. These models predict coordinated selling across many bond markets at once. See:

Ben chabot

@chabot_ben

Professor at Northwestern University. Teach finance at UC-Booth. Former Economist and Senior Policy Advisor at Federal Reserve and Professor at UMich and Yale.

Joined June 2014

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Ben chabot@chabot_ben

2026.09.11 21:20

What's driving the recent increase in global bond yields? Sovereign yields have increased notably in the past 10 weeks. Investors are concerned about inflation and deficits but have either become notable worse since June? In a new post on the blog, I look at the theory of sovereign debt runs where equalibrium yield depends on investors' beliefs about other investors' behaviors. These models predict coordinated selling across many bond markets at once. See: