Why Long-Term Bond Yields Are Up in the US, UK and Japan

This Bloomberg News podcast, "The Big Take," analyzes the global sell-off in long-dated bonds, particularly in the UK, US, and Japan. Host David Gura interviews Jamie Rush of Bloomberg Economics, who attributes the sell-off to factors like central banks reducing bond purchases (quantitative tightening), unique issues in the UK and Japan, and broader trends in geopolitics, demographics, and the balance between saving and investment. The discussion covers the implications of rising bond yields, the impact of increased defense spending, and the potential effects on the stock market, highlighting upcoming bond auctions in Japan and their significance for the global economy.