economies that had not been seen in decades. This pushed up interest rates, which in turn led to higher yields in global bond … markets. This study examines two distinct channels that transmit advanced economy inflation to emerging market bond yields by … and contraction in emerging market bond yields. Second, the shortrun effect of advanced economy inflation on the bond …

The nominal bond yields for advanced economies rose sharply during the first quarter of the year. This note analyzes …, has been the rise in the nominal bond yields in the United States, which has had notable global financial stability … spillovers. The analysis indicates that the rise in inflation expectations is the primary driver of the rise in US nominal bond …