WS #15466
US Treasury yields have surged to 24-year highs, driven by a deteriorating inflation outlook from the NY Fed, which reported its highest one-year inflation expectation since May 2023. This bond sell-off is spreading to Europe, with France considering issuing more short-term debt to manage market turmoil. The rising yields are pressuring growth stocks and high-multiple assets, reinforcing a bearish macro environment for equities.
Inflation and Bond Yields
US Treasury yields have surged to 24-year highs, driven by a deteriorating inflation outlook from the NY Fed, which reported its highest one-year inflation expectation since May 2023. This bond sell-off is spreading to Europe, with France considering issuing more short-term debt to manage market turmoil. The rising yields are pressuring growth stocks and high-multiple assets, reinforcing a bearish macro environment for equities.