Vanguard CEO Salim Ramji warns bond market volatility could be a key 2027 risk
FROM THE WIRE · FINANCE.YAHOO.COM
The market may be overly focused on the recent sell-off in Big Tech stocks because of dwindling free cash flow at hyperscalers like Alphabet (GOOG, GOOGL), but don't lose sight of the other big market move of late: the convulsions in the bond market. It's a risk factor that…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishDisagreement between equity and bond markets over deficits and inflation could weigh on equity valuations.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Ramji said equity valuations are very optimistic compared with historic P/E-adjusted ratios.
- 02The bond market is more volatile and pessimistic about deficits, inflation and system capacity.
- 03The 10-year Treasury yield has climbed steadily since March.