WS #15476
The 30-year Treasury yield has surged to 5.7%, a 24-year high, driven by rising short-term inflation expectations and the oil supply shock. This yield spike is acting as a powerful headwind for equities, particularly high-multiple growth stocks and small caps, which are slumping in response. The macro environment is shifting rapidly from rate-cut optimism to inflationary pressure, forcing a repricing of risk assets across the board.
Treasury Yields and Macro Selloff
The 30-year Treasury yield has surged to 5.7%, a 24-year high, driven by rising short-term inflation expectations and the oil supply shock. This yield spike is acting as a powerful headwind for equities, particularly high-multiple growth stocks and small caps, which are slumping in response. The macro environment is shifting rapidly from rate-cut optimism to inflationary pressure, forcing a repricing of risk assets across the board.