WS #14801
The 30-Year Treasury yield has surged past the psychological 5.50% threshold, a level not seen since 2004, driving the iShares 20+ Year Treasury Bond ETF (TLT) to record lows. This move is supported by hawkish Fed rate hike expectations in prediction markets and a strengthening US Dollar. The spike in long-end yields acts as a significant drag on growth stocks and real estate, offsetting some of the bullish equity momentum generated by geopolitical relief.
Treasury Yields Surge
The 30-Year Treasury yield has surged past the psychological 5.50% threshold, a level not seen since 2004, driving the iShares 20+ Year Treasury Bond ETF (TLT) to record lows. This move is supported by hawkish Fed rate hike expectations in prediction markets and a strengthening US Dollar. The spike in long-end yields acts as a significant drag on growth stocks and real estate, offsetting some of the bullish equity momentum generated by geopolitical relief.