Daybreak Europe Show Open: Global Bond Markets Reprice

The transcript discusses the impact of Rosengren and Kaplan's departure on the bond market, highlighting inflation risks and the rise in two-year yields. It explores potential factors that could cap the yield spike, such as the US debt ceiling and possible Fed intervention. The conversation also covers the implications of leadership changes within the Fed, including the roles of Brainerd and others, and how these changes might influence future monetary policies, including tapering and interest rate adjustments.

What are the implications of the changes in personnel mentioned in the discussion?

What does the speaker suggest about the future of interest rates?