Bond Market Clouds Gather as Stocks Hit Record Highs, Warns Analyst
Itzehoe – September 09, 2026 -- While the Dax and Dow Jones post fresh records and corporate profits climb on AI enthusiasm, rising bond yields are quietly reshaping the risk calculus for stock investors, according to Jörg Wiechmann, managing director of the Itzehoer Aktien Club.
Yields on long-term government bonds have surged globally in recent weeks. Investors can now earn more than 5 percent on 30-year US Treasury bonds, while Germany's government must pay nearly 4 percent interest to its creditors.
US national debt surpasses $40 trillion
Wiechmann points to ballooning government debt as a key driver of the bond market unease. The United States has just crossed the $40 trillion debt threshold, and rising interest rates mean the cost of servicing that debt is projected to reach $1.2 trillion this year.