Long-dated US Treasury (UST) yields have recently spiked to multi-decade highs, driven by the US Federal Reserve’s 'higher-for-longer' rhetoric, better-than-expected economic growth over the year to date, and outsized US fiscal spending and deficits. As a key global asset class and barometer of the risk-free rate for the asset universe, the surge in UST yields has triggered significant volatility and uncertainties across bonds, credit, equities, and real assets. Questions over potential stress on the financial system have also surfaced.
What is the outlook for UST yields, and what will be the impact on risk assets and the global economy?
Please join our investment experts from Bank of Singapore and guest speaker from PIMCO for a discussion on these top-of-mind topics.
