Global bond yields just touched their highest point since 2008.
That's the financial crisis level. The level that broke everything.
When bonds sell off this hard, it ripples everywhere. Borrowing costs up. Valuations compressed. Risk-free rate isn't looking so risk-free anymore.
If you're wondering why stocks feel heavy lately, this is part of it. Higher yields mean every future dollar of earnings is worth less today. Growth stocks feel it first, but nobody's immune.
Keep an eye on the 10-year. It's quietly setting the tone for everything else.
That's the financial crisis level. The level that broke everything.
When bonds sell off this hard, it ripples everywhere. Borrowing costs up. Valuations compressed. Risk-free rate isn't looking so risk-free anymore.
If you're wondering why stocks feel heavy lately, this is part of it. Higher yields mean every future dollar of earnings is worth less today. Growth stocks feel it first, but nobody's immune.
Keep an eye on the 10-year. It's quietly setting the tone for everything else.
