January 10, 2025· 22 min

Lots More on the Global Selloff in Government Bonds

Jay Barry

Orality

Model

84%

Oral-dominant (speeches, podcasts, storytelling)

Speaker Breakdown

HostTracy Alloway(2,740 words)

M:28%

HostJoe Weisenthal(1,009 words)

M:93%

GuestJay Barry(755 words)

M:29%

Oral Indicators

Agonistic26%

totally, basically, absolutely

Engagement62%

you, our, your

Memory Aids100%

listen, now, like

Repetition100%

think (53x), it's (48x), about (40x)

Parallelism92%

But, like and I was totally re..., And then two people are like, ..., But I've never been good in li...

Sound Patterns70%

35 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases4%

i mean

Literate Indicators

Hedging14%

maybe, might, probably

Passive Voice7%

be measured, were then, was when

Abstract Nouns19%

investment, personality, explanation

Subordination12%

because, since, though

Sentence Length34%

Avg: 13.5 words/sentence

Word Complexity45%

investment, analyze, anticipate

Academic Markers0%

Impersonal Style38%

309 personal pronouns found

Descriptive Style76%

totally, really, analytically

Description

One of the biggest stories in markets right now is the huge selloff in government bonds. And we're not just talking about the US here. The UK is seeing multi-year highs in long-end yields. So is Japan. And of course, the US 10-year Treasury is close to its highest level in a year, despite the recent rate cuts from the Federal Reserve. So what's going on? Is it just about inflation and growth expectations or is there more to it? On this episode, we speak to Jay Barry, head of global rates strategy at JPMorgan Securities, who breaks it all down and gives us his estimate of where fair value now stands. Read More: Fed’s Barkin Says Term Premium Moving Long Rates, Not Inflation Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox — now delivered every weekday — plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots See omnystudio.com/listener for privacy information.

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