Michael Koyfman·Oct 21The 5% Club: Why a Bond Yield Not Seen Since 2007 Is Rewriting the Rules for StocksOver the last two decades or so, investors ignored a 10-year Treasury yield of 5% and considered it an artifact of the era of flip phones…A response icon1
James Picerno·Oct 15Inflation Concerns Push 10-Year Yield Further Above Fair ValueThe yield premium on the U.S. 10-year Treasury note continued to rise in September, driven by concerns over inflation and government debt…
James Picerno·Jul 15June’s Drop in the Yield Premium Faces a Gulf‑Driven Reality CheckThe market premium for the U.S. 10‑year Treasury yield dipped in June after rising for three months, based on a fair‑value estimate…
James Picerno·Jun 11US 10-Year Yield Risk Premium Continues To RiseThe Iran conflict and rising inflation risk have continued to widen the market premium for the 10‑year yield relative to a fair‑value…
James Picerno·Mar 29The ETF Portfolio Strategist: 29 MAR 2026Markets continue to price in higher odds that the Iran war will inflict economic pain that lasts longer and runs deeper than previously…
