WS #14825
The US 30-year Treasury yield has surged to its highest level since 2004, driven by stubborn inflation expectations and rapid growth concerns. This macro shock is pressuring high-multiple growth stocks and REITs, while simultaneously boosting financials. The bond market's rejection of rate cuts is forcing a repricing of global asset valuations, creating a headwind for equity rallies despite the geopolitical off-ramp.
US Treasury Yield Surge
The US 30-year Treasury yield has surged to its highest level since 2004, driven by stubborn inflation expectations and rapid growth concerns. This macro shock is pressuring high-multiple growth stocks and REITs, while simultaneously boosting financials. The bond market's rejection of rate cuts is forcing a repricing of global asset valuations, creating a headwind for equity rallies despite the geopolitical off-ramp.