Bloomberg Surveillance · Tuesday, September 29, 2026
Ed Yardeni suggests that bond yields could potentially move closer to 6%, although he is not yet in an alarm stage, expecting buyers at current levels. He notes that rising oil prices from Middle East tensions contribute to stickier inflation, forcing central banks to consider further tightening and pushing up bond yields.
“Well, I know I think more and more people are thinking about the possibility of getting closer to 6%.”
“One of the reasons I turned more cautious in mid-September is because of what's going on in the Middle East. Higher for longer oil prices. Means stickier inflation, means that central banks are not in a one-and-done mode, but are in a tightening mode, and that, in turn, is pushing up bond yields.”