In this episode of Global Rewire, we welcome back Guy Debelle, former Deputy Governor of the Reserve Bank of Australia (RBA) and board member at the Clean Energy Finance Corporation. Guy breaks down the recent global bond selloff, explaining why long-end yields are reaching multi-decade highs and exploring the structural forces driving real rates up across major economies.
Guy offers a former central banker’s perspective on US Treasury interventions, covering recent buybacks, FX market interventions, and communication friction between central banks and fiscal authorities. Turning to Australia, we explore the local economic landscape, highlighting the contrast between a cooling housing market and a resilient real economy. Finally, Guy highlights how green energy mandates for new data centers are influencing energy infrastructure, capital expenditure, and investment flows across Australia and international markets.
