Robin J. Brooks

Bond Market Stress Raises Fears of a Disorderly Selloff

Global bond markets are entering a more fragile phase as investors confront the prospect of persistently higher interest rates, heavy sovereign borrowing and thinning liquidity. While a full-scale run on government debt remains a tail risk, the combination of fiscal strain and policy uncertainty is reviving questions about whether the world’s deepest market can absorb another shock without a disorderly repricing.