Bond Market Bubble? Former New York Federal Reserve President Bill Dudley Chimes In!

Bond markets are heating up and are likely to push up costs of other borrowing. If we need to press on the gas to push the economy to recover and then pull back we should expect higher bond yields 3-4% for perhaps 10 years. As economies rise the interest rates rise and the cost of borrowing increased. Bonds are often the fundamental source of inter-government lending and determine other costs in society and your household.