WS #14820
The global bond market is experiencing a severe selloff, with the US 30-year fixed mortgage rate climbing to 7.49% and the broader yield hitting its highest point since 2004. This macro environment is aggressively repricing risk, punishing growth stocks and rate-sensitive sectors like housing and utilities. The persistent upward pressure on long-term rates suggests the Federal Reserve's inflation fight is far from over, limiting the upside for broad equity indices.
Macro Bond Selloff
The global bond market is experiencing a severe selloff, with the US 30-year fixed mortgage rate climbing to 7.49% and the broader yield hitting its highest point since 2004. This macro environment is aggressively repricing risk, punishing growth stocks and rate-sensitive sectors like housing and utilities. The persistent upward pressure on long-term rates suggests the Federal Reserve's inflation fight is far from over, limiting the upside for broad equity indices.