Global bond rout cools but borrowing costs hold at multi-decade highs

• Global bond yields are holding near multi-decade highs, driven by a significant sell-off in the past week.
• UK July CPI data showed 2.9% year-on-year, with services CPI up 0.6% and core CPI up 2.6%, slightly above expectations but not seen as a major market mover.
• Concerns are raised about the bond market's impact on equities, especially tech and semiconductor stocks like Nvidia and Micron Technology, due to capital expenditure around AI and rising yields.
• Geopolitical tensions, including US-Iran relations and US-Canada trade disputes, are discussed as potential, though currently limited, influences on oil prices and broader market sentiment.

The video discusses the global bond market rout, with yields on sovereign debt reaching multi-decade highs. It also covers UK inflation data, its implications for central bank policy, and the spillover effects on equity markets, particularly tech stocks. Geopolitical tensions are highlighted as a contributing factor to market uncertainty.