The bond market is around equilibrium and yields aren't excessively high yet: Alpine Macro

Chen Zhao, chief global strategist of Alpine Macro, says the bond sell-off has taken place against the backdrop of central banks no longer wanting to underwrite the fiscal policies of G7 countries, and that ultimately central bank intervention will be the determining factor of how bad the sell-off becomes. He also discusses what implications this might have on the equity market why he thinks there isn't an AI bubble at the moment.