The bond market is blowing up right now – should Australians be worried?

From the publisher

Bonds are supposed to be safe and boring. Which means when bond markets are getting exciting, you can bet that something big is going down in the global economy and the world of finance. Australia’s 10-year interest rate on government debt has jumped past 5.2% – the highest in more than 15 years. And it’s happening around the world. Bond yields across the major advanced economies collectively haven’t been this high since before the GFC, according to Bloomberg. As Japan emerges from a multi-decade, deflationary funk, its 10-year bond rate has hit 3% for the first time since 1996. So what’s going on? And why should you care? What are…

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