WS #15202
Global bond markets are selling off sharply, with UK 30-Year government bond yields rising to 6.02%, their highest level since 1997. In the US, the 10-Year Treasury yield hit 5.31%, marking the worst quarter since 1994. Jeffrey Gundlach warns that the stock market is a "hollow tree" facing snap-off risks. This yield environment pressures high-multiple growth stocks and REITs, while favoring financials and value sectors.
Sovereign Debt and Yield Spike
Global bond markets are selling off sharply, with UK 30-Year government bond yields rising to 6.02%, their highest level since 1997. In the US, the 10-Year Treasury yield hit 5.31%, marking the worst quarter since 1994. Jeffrey Gundlach warns that the stock market is a "hollow tree" facing snap-off risks. This yield environment pressures high-multiple growth stocks and REITs, while favoring financials and value sectors.