The David Lin Report Bond Crisis In 2026? Why Yields Will Surge Even As The Fed Cuts | Peter Boockvar
Dec 18, 2025
Peter Boockvar, Chief Investment Officer at OnePoint BFG Wealth Partners and author of The Boock Report, discusses the potential bond crisis in 2026 and the stubbornness of inflation despite Fed rate cuts. He argues that the AI tech trade may be reaching its peak, while spotlighting oil at $56 as a key investment. Peter emphasizes the risks posed by rising long-term yields and shifting global fund flows, alongside the importance of international equities and commodities as viable investment avenues.
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Cuts May Be Offset By Market Forces
- Fed rate cuts could be offset by rising long-term yields and a weaker dollar, muting their stimulative effect.
- Markets will push back if cuts go too far relative to inflation and other fundamentals.
Japan's Yield Rise Has Global Impact
- Rising JGB yields mark a significant tightening that could lure global capital back to Japan.
- Continued JGB yield increases could trigger global fund flow ripples, especially from Japanese investors.
Seek Value Internationally And In EM Bonds
- Look beyond U.S. markets for valuation opportunities and potential currency tailwinds from a weakening dollar.
- Consider local-currency emerging market bonds for high real yields and dollar-weakness exposure.