The Causes of the Global Surge in Long-term Interest Rates #GrumpyEconomist

Cochrane weighs competing explanations for rising global long-term yields and what they signal for policy.

Bonds & yieldsInflationInterest ratesexpertbond yieldsfed tighteningglobal bond marketinflation expectationslong term interest ratesreal interest ratesJohn H. Cochrane

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• Hoover Institution · 2026-09-18

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