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Demography Unplugged
Indicator Alert: Disappearing Equity Risk Premium
Recession Indicators

Indicator Alert: Disappearing Equity Risk Premium

Neil Howe's avatar
Neil Howe
Sep 28, 2023
∙ Paid
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Demography Unplugged
Demography Unplugged
Indicator Alert: Disappearing Equity Risk Premium
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The U.S. 10Y yield has been soaring (from 4.18% to 4.61%) thus far in the month of September. It's not due to rising inflation expectations: The real 10Y yield on TIPS has also soared.

Why are real long-term rates rising? Sorry, it's not due to everyone betting on the nascent AI revolution bringing economic growth and returns on new tech. Rather, as I di…

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