Odd Lots

Why Treasuries Became Risky Again

October 5, 2026·50 min·6-min readinterviewnews
Podzilla Summary (6 min)
TLDR
The recent surge in U.S. Treasury yields, particularly the 30-year rate hitting its highest level since 2002, reflects not just inflation or supply but a fundamental shift in how markets perceive risk in government bonds. According to economist Carolin Pflueger, rising bond-stock correlat

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Guest

C

Carolin Pflueger

interview on Odd Lots

Mentions

Books, people, and resources mentioned in this episode.

People

Carolin PfluegerMichael BauerAdi SundaramJohn CampbellPierre Yared

Books

Hamilton's 1790 Report on Public Credit

Companies

Chicago Fed

Research & Papers

Quarterly Journal of Economics paper on perceived policy reaction to output

Topics

EconomicsFederal ReserveGeopoliticsInflationMacroeconomics

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