Bond Yields Going Higher as Negativity Bubble Bursts: BTIG's Emanuel

The video discusses the current state of the bond market, highlighting a potential bond bubble similar to past market phenomena like tulips and tech stocks. It examines the sharp movements in bond yields, particularly in August and September, and the influence of economic indicators such as the surprise index and inflation rates. The discussion also covers the sustainability of negative yields and the expected rise in bond yields due to positive inflation expectations. The global nature of the bond market is emphasized, with a focus on the role of central banks and governments in managing economic conditions and the limitations of their influence.

Why are negative yields considered unsustainable according to the text?

What role do central banks play in the context of global economic phenomena?