Do Bond Yields Have Room to Rise?

The video discusses the influence of the 10-year yield on global markets, questioning the extent of Trump's impact on the market rally. It highlights that economic fundamentals, such as rising yields and commodity prices, began improving before the election. The discussion covers inflation trends, global manufacturing data, and the strong dollar's potential self-correcting nature. Political risks, including Brexit and the Italian referendum, are analyzed for their impact on the Eurozone and currency markets.

In what ways does the speaker suggest that the current market movements are a normalization rather than an extreme change?

What concerns are raised regarding the Italian referendum and its potential impact on the eurozone?