Global Bond Market Party Turns Into Plumbing Nightmare, Again
KEY POINTS
- â˘The global bond market, valued at $160 trillion, faces rising long-term yields, echoing 2007's pre-crisis tension.
- â˘Robin Wigglesworth's book, released September 29, highlights historic bond market crashes including 1873's railway panic and 2020's pandemic Treasury freeze.
- â˘Wigglesworth expresses increasing concern over techâs debt-fueled bond bubble and estimates a 3% chance of a troubling U.S. debt event.
The $160 trillion global bond market, AKA the world's invisible plumbing, is now leaking worse than your dodgy Airbnb sink. Long-term U.S. and G7 bond yields have climbed back to 2007 levelsâyes, that prestigious year before the financial crisis went full soap opera. Meanwhile, Big Tech is binge-buying corporate bonds like itâs Black Friday but with AI firepower, pushing debt-fueled bubbles that might just blow in your face. Robin Wigglesworthâs new book, 'A Fabulous Debt,' drops Sept. 29, reminding us the bond worldâs version of Party Fails spans from 1873âs railway booze-up (Great Depression OG) to 2020âs Treasury market panic, rescued by the Fed like a wrecked reality show contestant. Wigglesworth warns weâre a 3% tragedy away from a U.S. debt meltdown, which, as he says, is âsuper scaryââmostly because investors thought bonds were boring, not potential economic fireworks.
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(1 of 3)Big Tech's bond binge might be the 2020s version of your cousin maxing out credit cards on cryptoâonly $160 trillion bad and with way less fun.
Bonds are like the quiet kid at the party who suddenly shows up with unpaid bills and everyone's wondering if this is the apocalypse or an awkward hangover.
AI bubble riding on a debt rocket while the Treasury market performs 20 years of 'the sky is falling'âbond investors probably just love the drama.
Source: Axios | Published: 8/31/2026 | Author: Emily Peck
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