Rising Treasury Yields Are Not What Ends the AI Boom
StoneXThe 10-year Treasury yield is breaking out, and the bigger risk to stocks arrives later, when yields top and start falling again. James Stanley, StoneX Media Senior Market Analyst, walks through what is pushing long end yields higher and why the equity damage tends to come on the way back down. The U.S. Treasury Department is carrying a wall of maturing long-term debt into an inflation backdrop that makes long bonds hard to place. Janet Yellen met a similar setup in October 2023 by replacing maturing long term debt with short term issuance through the quarterly refunding announcement, and Scott Bessent now faces the same problem at far greater scale. 00:00 Tens Near a 19-Year Ceiling 01:15 - The 2023 Spike That Faded 02:05 - The Trade Funds Pile Into 03:13 - Yellen's Refunding Switch 04:35 - Bessent Inherits the Debt Wall 05:34 - Echoes of the 1998 Tech Boom 07:23 - Tens Are Deeply Oversold Now 08:52 - Gold and the Spending Cycle Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_james_stanley&utm_content=share Like and subscribe for more financial market insights. Watch next: {{RELATED_VIDEO_URL}} #StoneX #Bonds #JamesStanley #Gold --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social