WS #14721
The US bond market is delivering a historic shock, with the 10-Year yield surging to 5.1685% and the 30-year yield hitting multi-decade highs. This spike is crushing the housing market as mortgage rates exceed 7%, and is forcing a repricing of equities as growth and high-multiple stocks face valuation compression. The BoE is now signaling further rate hikes if energy inflation persists, indicating a synchronized global tightening cycle that threatens to induce a recession.
Bond Yields and Macro Shock
The US bond market is delivering a historic shock, with the 10-Year yield surging to 5.1685% and the 30-year yield hitting multi-decade highs. This spike is crushing the housing market as mortgage rates exceed 7%, and is forcing a repricing of equities as growth and high-multiple stocks face valuation compression. The BoE is now signaling further rate hikes if energy inflation persists, indicating a synchronized global tightening cycle that threatens to induce a recession.