All Roads Lead to Higher Bond Yields
- Alan Dunne
- Jun 4
- 1 min read
June 2025
Are we entering the era of fiscal dominance — and financial repression?
Alan Dunne was back on Top Traders Unplugged with Niels Kaastrup-Larsen to explore that question — and how it ties into Alan's latest Substack:
A look at how U.S. fiscal policy and bond markets have evolved — from Clinton to Trump 2.0.
They also covered:
– Trend-following performance in May
– Whether traditional portfolio frameworks still hold up in today’s markets
– AQR Capital Management's latest research on return expectations — and how it connects to the UBS Global Investment Returns Yearbook
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