WS #15051
The US 30-year Treasury yield has reached a 24-year high, reflecting persistent inflation concerns and strong demand for long-duration debt. This spike in borrowing costs is compressing equity valuations, particularly for growth stocks and high-multiple tech companies. The macro backdrop is further strained by declining economic confidence in the Eurozone and pressure on precious metals, indicating a broad risk-off sentiment in global markets.
Macro Rates and Valuation Pressure
The US 30-year Treasury yield has reached a 24-year high, reflecting persistent inflation concerns and strong demand for long-duration debt. This spike in borrowing costs is compressing equity valuations, particularly for growth stocks and high-multiple tech companies. The macro backdrop is further strained by declining economic confidence in the Eurozone and pressure on precious metals, indicating a broad risk-off sentiment in global markets.