Bond yields are back in the spotlight, and they’re moving markets in ways that investors can’t afford to ignore.

In this episode of Magic Markets, The Finance Ghost and Mohammed Nalla unpack what’s really driving the recent rise in US bond yields, from inflation expectations and oil prices to fiscal risks and global growth dynamics. More importantly, they explain why this is a pricing story for every asset class.

The discussion then shifts to the real impact on equities, where rising yields force a rethink of valuations, especially for “long-duration” growth stocks. Using examples of pandemic-era darlings like Zoom and broader sector rotations, the episode explores where the pain is likely to show up and where opportunity might lie as capital shifts in response to a higher cost of money.

Key topics covered:

• Why bond yields are rising and why it matters
• The link between oil prices, inflation expectations and yields
• Why “not all yield moves are created equal”
• How higher yields impact equity valuations via discounted cash flows
• The concept of duration in equities and why it matters
• Which sectors benefit when yields rise (and which suffer)
• Why quality cash flow businesses are back in focus
• Scenario planning: growth-driven yields vs inflation-driven yields

Get in touch:

• The Magic Markets Website
• @MagicMarketsPod, @FinanceGhost, and @MohammedNalla (all on X)
• Pop us a note on LinkedIn

Disclaimer: This podcast is for informational purposes only and does not constitute financial or investment advice. Please speak to your personal financial advisor.