Odd Lots: Darrell Duffie on the Surge in Bond Yields (Podcast)

Darrell Duffie, a Stanford professor who studies bond markets, discussed factors driving global bond yields to their highest levels since 2008 in a recent podcast episode. The 30-year US Treasury yield reached 5% before Treasury Secretary Scott Bessent announced an increase to the department's bond buyback program and Federal Reserve Chairman Kevin Warsh delivered remarks at Jackson Hole. The episode examined what policymakers might do to address rising yields.

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