"U.S. bonds" are shaking up global investment assets.

Global investment assets around the world are facing increasing downward pressure in U.S. Treasury yields. 30-year-olds and older peaked at 5.337%, the highest level in more than 20 years.

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By U.S. Treasury yields, or Treasury yields, rose. After U.S. Treasury intervention measures, bond markets were previously pressured by concerns about high inflation, and problems with the U.S. fiscal position.

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The rate-of-return hike occurred to the US Treasury Secretary, representing an effort to increase government bond buybacks, and guidelines, downgrade fiscal deficits.

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However, most analysts view that the US government will still not be able to find enough reductions to control the budget deficit, which currently accounts for about 6% of GDP, while the interest burden alone this year is expected to be about $1.2 trillion, and the US public debt has just surpassed $40 trillion.

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This number inevitably affects investment in investment assets around the world, because in theory, the return of a thousand government cards is seen as a "risk-free return," or Risk Free Rate, a number used as a measure of investment in various assets.

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Let's start with investing in stocks. The key figure that government bond returns are used to calculate is the Earnings Yield Gap, or the difference between stock market earnings and long-term government bond returns.

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Which, when calculating the US Earnings Yield Gap, which is calculated based on the S & P 500 index's earnings yield minus the yield of 10-year U.S. government bonds, is about -1.1%.

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Considering that the S & P 500's earnings yield is around 3.4% to 3.8%, while the 10-year Treasury yield moves in the range of 4.5% to 4.7%, this negative Earnings Yield Gap is the narrowest and most pressured equity investment since the 2002-2003 period.

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The impact immediately passed on global stock markets. The biggest weekly decline since mid-July occurred, with U.S. stocks falling to 1.4-2 .4 percent, while Japanese stocks fell 3.7 percent in the week.

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This pressure has also been sent to the U.S. dollar lemurs, which have reached a three-month low, with the U.S. dollar falling nearly 1 percent this week against other major currencies.

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This tremor is not limited to bond markets, stocks, or just monetary values. Rising bond yields are causing the cost of borrowing to rise globally. At the same time, large technology companies are borrowing large amounts of money to invest in AI and digital infrastructure. When interest rates rise, the valuation of the company's future profits falls, resulting in stock prices and Valuation levels being depressed.

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This situation is also driving investors to turn to limited assets and maintain their value, especially gold, that will benefit the most by continuously rising the price of gold, so that they can stand above $4,500 again in two months.

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But in addition, the direction of the gold price has a factor in "interest rates" that is uncertain about whether there will be a hike this September, the main factor of which is still inflation from rising energy prices from the Middle East conflict.

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This picture reflects that investors may be more afraid of the "fiscal position" of the United States than of rising interest rates, where interest rates are often opposed to the price of non-monetary gold in their holdings, or the Store of Value.

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The overview of the U.S. Bondyld situation is reflecting that financial markets are facing multiple simultaneous pressures: a weak U.S. labor market, inflation from import tariffs, rising oil prices, and a public debt above $40 trillion.

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And of course, as Bondyld rises, with a weak dollar, with rising U.S. debt, the U.S. will hurt the most because rising borrowing costs, while the economy is not yet fully advanced, will immediately shake the strength of the U.S. fiscal position.

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# U.S. bonds # Government bond yield # EarningsYieldGap # Interest rate # Stock market