US 10-year yield just hit 5.27% — another 19-year high.
That's a 135 basis point jump in just 6 months. To put that in perspective: bond prices are getting crushed, mortgage rates are climbing, and refinancing windows are closing fast.
For stocks, higher yields mean:
• Tech/growth gets hit harder (future cash flows worth less)
• Financials might benefit (better net interest margins)
• Overall market multiple compression
The question everyone's asking: where's the Treasury in all this? The bond market is screaming something, and it's not subtle.
If you're holding long-duration bonds or rate-sensitive equities, this move matters. A lot.
That's a 135 basis point jump in just 6 months. To put that in perspective: bond prices are getting crushed, mortgage rates are climbing, and refinancing windows are closing fast.
For stocks, higher yields mean:
• Tech/growth gets hit harder (future cash flows worth less)
• Financials might benefit (better net interest margins)
• Overall market multiple compression
The question everyone's asking: where's the Treasury in all this? The bond market is screaming something, and it's not subtle.
If you're holding long-duration bonds or rate-sensitive equities, this move matters. A lot.
