WS #15225
Global macro conditions are tightening, with Eurozone inflation surging to 3.8% and UK 30-year bond yields hitting a 28-year high of 6%. In the US, markets are bracing for the September jobs report, with consensus expectations around 85,000 new jobs, which is insufficient to shift Fed hike bets significantly. Rising yields are pressuring gold and high-multiple growth stocks, while bond funds are seeing inflows as investors seek safety.
Macro Data & Bond Yields
Global macro conditions are tightening, with Eurozone inflation surging to 3.8% and UK 30-year bond yields hitting a 28-year high of 6%. In the US, markets are bracing for the September jobs report, with consensus expectations around 85,000 new jobs, which is insufficient to shift Fed hike bets significantly. Rising yields are pressuring gold and high-multiple growth stocks, while bond funds are seeing inflows as investors seek safety.