Real yields hit 14-year high

So-called “real yields” on Treasury bonds have rocketed over the past two weeks as investors have bet that the Federal Reserve can keep inflation under control by keeping interest rates high while avoiding sending the economy into a recession.

Higher yields can weigh on the shares of technology companies 

that rely on debt to finance their growth.

On Thursday the yield on US 10-year inflation-linked government bonds, which are known as Tips, reached 1.998 per cent, its highest level since July 2009

At the same time, the 30-year inflation-linked bond reached its highest level since February 2011, while five-year Tips yields hit a 15-year high.

Financial Times 17 August 2023

https://www.ft.com/content/364907e7-5449-4078-833c-a9ec5c0ffd9c