Bloomberg Surveillance · Friday, September 4, 2026
Despite concerns about rising global yields, US 10-year Treasury yields are considered to be in a narrow historical range and not indicative of a 1987 or 1994-like event. Some analysts suggest that current yields are not high enough to pull capital away from equities.
“Rates are not a uniquely American problem right now. I think, as we all know, G7 yields move as a unit, and G7 yields are up across the board here.”
“So I recognize we're at the top end of that range. I think we need to be mindful of that. But to say the velocity is so explosive here where you're having this kind of 1987 moment in yields or even a 94 moment in yields, I think is a little bit misleading here.”
“I think the big question all year, and this has kind of been the basis of our work and our call, at what level, either on the long bond or on the 10-year yields, Are bonds so competitive where money leaves the asset class of equities?”