Jim Bianco: Why I’m Finally Buying Bonds After Six Years

Bianco argues 5% Treasury yields are the new normal, not a warning sign, and AI's bigger risk is succeeding too well.

• Bond call reversal: Bianco turned constructive on Treasuries for the first time in six years after every yield from 3-year to 30-year topped 5%, matching his 5-6% nominal GDP growth estimate.
• Inflation stuck at 3%: Bianco says the China-driven goods deflation era (minus 0.5% goods PCE, 2001-2020) is over due to tariffs and deglobalization, citing BYD's banned $15,000 Seal EV as proof cheap-goods disinflation won't return.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.