Latest / Blain's Morning Porridge
Just how bad could the bond market get?
Blain’s Morning Porridge May 22nd 2026 – Just how bad could the bond market get?
“Ships make no money sitting in port, so build and sail them to ride the storms that will inevitably assail them.”
In Bonds there is truth. While government bond yields have risen some 40-50 basis points since the Iran War, and yield curves have steepened, we are not in crisis territory yet. However, the risks of “higher for longer” rates, and sustained inflation have risen. These will impact credit markets and potentially trigger a cascading corporate crisis – leading to all kinds of hell that governments and…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.