Archive · 26 Aug 2026
Roubini Examines Higher Bond Yields and Global Stock Markets
A bond is a way for governments to borrow money.
The interest rate, or yield, on US bonds rose from about 1% during the COVID crisis to around or above 5%.
This happened after ChatGPT was launched in 2022.
At the same time, US stocks and some stocks around the world gained strongly.
The S&P 500 even reached new record highs while US bond yields were rising.
Usually, people may expect higher bond yields to make stocks less attractive.
However, the article says both yields and stocks rose during this period.
Nouriel Roubini is examining what this combination could mean for future stock markets and economic growth.
US bond yields rose from about 1% during the COVID crisis to around or above 5%.
The increase occurred after ChatGPT launched in 2022.
US equities and some global stocks recorded double-digit returns during the same period.
Until mid-August, rising US bond yields coincided with record highs for the S&P 500.
The article examines what higher yields could mean for global stocks and economic growth.
- Who
- Nouriel Roubini, US bond markets, the S&P 500, and some global equity markets.
- What
- The article examines the implications of higher bond yields for global stock markets and economic growth.
- When
- From the COVID crisis through the period after ChatGPT's launch in 2022 and through mid-August.
- Where
- In the US and, to some extent, global stock markets.
- Why
- The article identifies rising bond yields as a major market factor but does not specify the full reason for that rise in the provided text.
- Bond yield during COVID crisis
- About 1% in the US
- Current US bond yields
- Around or above 5%
- Reference point
- The launch of ChatGPT in 2022
- Stock performance
- US equities and some global stocks posted double-digit returns
- US stock index
- The S&P 500 reached new all-time highs until mid-August
- Article focus
- The possible effects of higher yields on global stocks and economic growth