S2E56: Stress cracks in bonds are reshaping the AI and EM story

Bond markets are cracking, oil is spiking, and Japan's rates are hitting decade highs — so where should investors actually put their money? Correspondent Howie Lim sits down with Gary Tan of Allspring Global Investments to discuss why US Treasury buybacks won't fix America's debt problem, why AI valuations hinge on bond yields rather than headlines, and why emerging markets (EM) are quietly attracting record inflows. Highlights: 01:01 US Treasury buybacks - fix or bandage 02:06 Oil spikes - temporary bump or new normal 04:00 AI growth - reality check or loss of faith 07:14 Japan's rate surge - who's really in control 08:31 Record inflows - EM strength or quick profit 11:22 Energy and defense - a lasting investment theme --- Send us your questions, thoughts, story ideas, and feedback to [email protected]. --- Written and hosted by: Howie Lim ([email protected]) With Gary Tan, portfolio manager, Intrinsic Emerging Markets Equity team, Allspring Global Investments Edited by: Howie Lim & Claressa Monteiro Produced by: Howie Lim & Chai Pei Chieh A podcast by BT Podcasts, The Business Times, SPH Media --- Follow Market Focus Weekly podcasts every Friday: Channel: bt.sg/btmktfocus Amazon: bt.sg/mfam Apple Podcasts: bt.sg/mfap Spotify: bt.sg/mfsp YouTube Music: bt.sg/mfyt Website: bt.sg/mktfocus Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.  Discover more BT podcast series: BT Money Hacks at: bt.sg/btmoneyhacks BT Correspondents at: bt.sg/btcobt BT Podcasts at: bt.sg/podcasts BT Lens On: bt.sg/btlensonSee omnystudio.com/listener for privacy information.