Gita Gopinath on Why Interest Rates Have Surged All Around the World | Odd Lots

There's been a massive selloff in the bond market and rates are rising globally.

Japan, Korea, the UK...

You name it.

Gita Gopinath — Harvard economics professor and the former first deputy managing director of the IMF — has long warned that bond markets are "in a fragile place." She sees a combo of demographics, high levels of public debt, and the intense capital needs of the AI boom creating inflationary pressure all around the world.

Today we speak with Gopinath about the seeming disconnect between stocks and bonds and why investors may be wrong to assume that governments will have their back the next time there's a major shock. (Source: Bloomberg)