Momentum Global says US 10-year yield tops 5%, raising hurdle rate for risk assets

• Momentum Global flagged a renewed macro shock as US 10-year Treasury yields moved above 5%, the highest close in 19 years.
• Brent crude climbed toward USD 110 a barrel on Middle East supply-disruption risks, reviving concerns about more persistent inflation.
• Higher yields tightened financial conditions, pressuring technology valuations through a higher discount rate despite sustained AI infrastructure demand.
• Government bond prices fell as investors repriced the inflation and rate outlook following the Fed’s latest 0.25 percentage-point increase.
• The note framed the 5% Treasury yield as a higher hurdle rate, forcing risk assets to offer greater compensation for uncertainty.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Momentum Global Investment Management Ltd. published the original content used to generate this news brief on September 21, 2026, and is solely responsible for the information contained therein.