06 May 2015 at 10:38 GMT
Despite continued uncertainty surrounding Greece, bond markets across Europe have begun a significant selloff. Saxo's Simon Fasdal says it's mainly a result of confidence picking up in the European economy. He also says that QE isn't really helping at the moment.
Simon reiterates his view that there is a renewed focus on inflation. He warns that some are concerned that there is too much stimulus in the market at the moment. That combined with a lower oil price and lower Eurodollar could result in the economy as a whole over-heating.
Simon looks at the effect on core as well as corporate and emerging market bonds. He says if yields rise too fast, equities could also be in for a hard time.