Uploaded August 2026 | Updated September 2026, 2 weeks ago
Global bond yields are rising as investors reprice fiscal risk, with U.S. federal debt past $40 trillion against $20 trillion a decade ago.
Michael Lytle, Chief Investment Officer at StoneX Wealth, explains what the move in sovereign yields says about deficits, debt servicing costs and the paths of the Federal Reserve and the Bank of Japan.
Yields have climbed across the United States, Europe and Japan, but the shape of the move differs by region. U.S. long rates have risen hardest since the end of June, pointing more at the fiscal picture than at inflation, whereas in Japan it is short rates that have moved most. For bondholders the outcome splits, with total-return investors seeing a year of income largely absorbed by higher rates while buy-and-hold investors keep getting paid.
Discover Actionable Insights with StoneX Market Intelligence: shop.stonex.com/products/stonex-essential-bundle?selling_plan=4455759972&variant=45955323625572&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_michael_lytle&utm_content=share
0:00 The Bond Market Bites Back
0:46 Investors Vote With Their Feet
1:10 U.S. Debt Tops $40 Trillion
2:33 Japan and U.S. Yields Split
3:09 What Higher Yields Cost You
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#Bonds #Treasuries #StoneX #MichaelLytle
*CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk.
Global bond yields are rising as investors reprice fiscal risk, with U.S. federal debt past $40 trillion against $20 trillion a decade ago.
Michael Lytle, Chief Investment Officer at StoneX Wealth, explains what the move in sovereign yields says about deficits, debt servicing costs and the paths of the Federal Reserve and the Bank of Japan.
Yields have climbed across the United States, Europe and Japan, but the shape of the move differs by region. U.S. long rates have risen hardest since the end of June, pointing more at the fiscal picture than at inflation, whereas in Japan it is short rates that have moved most. For bondholders the outcome splits, with total-return investors seeing a year of income largely absorbed by higher rates while buy-and-hold investors keep getting paid.
Discover Actionable Insights with StoneX Market Intelligence: shop.stonex.com/products/stonex-essential-bundle?selling_plan=4455759972&variant=45955323625572&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_michael_lytle&utm_content=share
0:00 The Bond Market Bites Back
0:46 Investors Vote With Their Feet
1:10 U.S. Debt Tops $40 Trillion
2:33 Japan and U.S. Yields Split
3:09 What Higher Yields Cost You
Like and subscribe for more financial market insights.
#Bonds #Treasuries #StoneX #MichaelLytle
*CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk.
