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How rising bond yields can wreck some portfolios while pumping up others with cash

Sep 11, 2026 7:17 PM · MarketWatch

Investors have continued to sell long-dated U.S. Treasury securities as they anticipate a move by the Federal Reserve to raise short-term interest rates to quell stubborn inflation. As bond prices fall, their yields increase. That has implications for government policy because of rising interest payments, and for the stock market.

Fear of rising interest rates is part of the “negative risk trinity” of threats to the stock market that Charlie McElligott, a strategist at Nomura, discussed with Joseph Adinolfi.

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Original source: MarketWatch