Why the Bond Market Is Screaming

The video explores the bond market's critical role in the global economy, highlighting its influence on interest rates and its reflection of central bank policies. It discusses how inflation affects bond stability and the market's response to fiscal policies, using the UK as a case study. The bond market acts as a prediction market for central bank actions and a judge of fiscal prudence, impacting economic decisions and reflecting market confidence in policymakers.

Explain the concept of 'vigilantes' in the context of fiscal policy as mentioned in the text.

What are the implications of the bond market's reaction to government fiscal policies?