WS #15191
The US 10-Year Treasury yield has surged to levels not seen since 2002, creating a severe headwind for global risk assets. This macro tightening is visibly impacting international markets, with Indian indices opening lower, and is driving retail investors to flee equities for fixed-income ETFs. The high yields are compressing equity valuations, particularly for growth stocks, and reinforcing a bearish macro environment for high-multiple tech names.
Treasury Yields and Macro Pressure
The US 10-Year Treasury yield has surged to levels not seen since 2002, creating a severe headwind for global risk assets. This macro tightening is visibly impacting international markets, with Indian indices opening lower, and is driving retail investors to flee equities for fixed-income ETFs. The high yields are compressing equity valuations, particularly for growth stocks, and reinforcing a bearish macro environment for high-multiple tech names.