Record highs masking risks | MarketTalk
SwissquoteUS stocks are hovering near record highs, even as Treasury yields climb to levels last seen more than two decades ago. Strong AI demand is keeping growth expectations upbeat—but how much more pressure can technology stocks absorb? Meanwhile, a Tokyo-based fund’s exit from French government bonds highlights another potential risk: Japanese investors bringing money home. With domestic yields becoming more attractive, repatriation could support the yen, reinforce a carry trade unwind and reduce demand for overseas bonds, and eventually risk assets. Watch the full episode to find out more! 0:00 Intro 1:08 US stocks rise to record despite rising yields 3:23 Europe increasingly vulnerable 5:24 Japanese threat is rising again Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020, and launched her own website ipekScope.com in 2025. #StockMarket #AI #BondYields #France #Japan #Yen #CarryTrade #MarketOutlook #Swissquote #MarketTalk _____ 👉 Discover our brand and philosophy: https://www.swissquote.com/en/group _____ 👉 Deepen your trading and investing knowledge with Swissquote Inspire: explore our articles, analyses, webinars and exclusive content: https://www.swissquote.com/private/inspire _____ 👉 Discover Swissquote’s culture and join a company that values innovation, diversity and team spirit: https://www.swissquote.com/en/careers