The 30-year hits a 22-year high, and Trump meets Xi
Why now
Thesis: Long-end yields at multi-decade highs pressure risk assets
Catalyst to watch: Services PMI strength keeps yields elevated
Main risk: Yields could rise further, deepening equity selloff
Why it matters
A 22-year high in 30-year yields raises long-term borrowing costs and pressures equity valuations, especially rate-sensitive growth stocks.
Details
The 30-year Treasury yield hit 5.44% this morning, its highest since 2004, after services PMI came in at a five-year high. Yesterday this panel argued it would take a double-digit yield to break the stock market. Today we ask what a bond market like this does break. Also live: Trump meets Xi with AI
Sources
- youtube · 2026-09-23 12:02 UTC