Macroeconomics Bearish
Persistent restrictive interest rate policy burdens bond markets
30. September 2026
Yields on 30-year US Treasury bonds have risen to 5.57%, the highest level since 2002. This development reflects growing market expectations that the Federal Reserve will maintain or even tighten its restrictive monetary policy due to persistent inflation risks.
Einordnung
Rising long-term interest rates increase the cost of capital and weigh on the discounted valuations of companies.