Bloomberg Surveillance · Monday, September 28, 2026
Nimra Kang, CIO of Northstar Asset Management, states that bond yields are normalizing in a new economic regime characterized by higher deficits and debt. She believes the era of low rates is over, exacerbated by a lack of globalization tailwinds and increased supply shocks, leading to expectations of higher inflation going forward.
“Yeah, we're in this period of great normalization as far as bond yields go. You know, just like your previous guest said, the period of low rates is over.”
“We are in a different regime altogether. High deficits, you know, in a time when we have booming economy, high debt, all we know is that the government is going to keep coming back to the markets for more and more.”
“We are no longer have the tailwinds of globalization. We live in a very polarized world. We are constantly having all these supply shocks, you know, COVID, Ukraine war, Iran war, you know, all kinds of things related to disruptions that we are seeing and deglobalization.”