Luriel Roubini is relatively optimistic about the recent sell-off in the bond market. He believes that the biggest factor driving the rise in yield is the market's optimistic expectations that the artificial intelligence boom will bring results. This economist, famous for issuing pessimistic warnings during the 2008 global financial crisis and its aftermath, has turned optimistic in recent years. On Friday, he continued this tone when he was interviewed by Bloomberg TV about recent fluctuations in the bond market. “There are indeed some financial concerns, but I think the biggest drivers of the rise in real returns are capital expenditure, artificial intelligence, and future technology boom,” he said at Cernobbio (Cernobbio) on the shores of Lake Como, Italy. “The rise in bond yields may actually be sending signals of stronger growth. “Usually when risk appetite rises, economic growth will be stronger, stock prices will rise, and bond yields will also rise,” he said.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.