Global Stocks Extend Bull Run as 5.15% Bond Yields Fail to Derail AI-Led Rally
Updated
Updated · yardeniquicktakes.com · Aug 30
Global Stocks Extend Bull Run as 5.15% Bond Yields Fail to Derail AI-Led Rally
3 articles · Updated · yardeniquicktakes.com · Aug 30
Summary
South Korea and Taiwan climbed back to the top of August equity rankings, showing the global stock rally is still broadening even as bond yields rise.
Yields have not broken risk appetite because investors are treating them as a growth signal: UK and Australian 10-year yields are above 5% at 5.15% and 5.09%, while the US stands at 4.73%.
AI-linked markets that led earlier in 2026 are leading again after July's shakeout, while weaker performers are mainly countries with domestic problems rather than heavy exposure to the global cycle.
Rate markets are also turning more hawkish, with official policy rates still below market yields across major economies and traders shifting from expecting cuts to pricing hikes in coming months.