WS #14993
Global bond yields have surged past 4%, driven by core CPI exceeding expectations and the persistent inflationary impact of oil prices above $107. The Fed's Financial Vulnerability Index has also flashed warnings, indicating notable but not yet elevated systemic risk. This macro environment is bearish for growth stocks and REITs, as higher discount rates compress valuations and increase borrowing costs across the economy.
Macro Inflation & Rates
Global bond yields have surged past 4%, driven by core CPI exceeding expectations and the persistent inflationary impact of oil prices above $107. The Fed's Financial Vulnerability Index has also flashed warnings, indicating notable but not yet elevated systemic risk. This macro environment is bearish for growth stocks and REITs, as higher discount rates compress valuations and increase borrowing costs across the economy.