15th September 2026
Bond yields have hit their highest levels in years. The US 10-year is near 5%, UK 30-year gilts are at their highest since 1998, and oil is back above $100.
In 1981 yields hit 15%, so by historical standards today's levels look modest. But debt is far higher now and growth is lower, which means 5% today could hurt almost as much as 15% did then. This video looks at what's driving yields up, and what are the economic impacts.
Chapters
00:00 Markets this week
1:44 Oil and the double shock
02:27 Why yields are rising
03:25 Debt interest
04:36 The AI borrowing boom
05:32 Losing Control?
06:20 Inflating the debt away
06:46 Your pension
07:26 Mortgages and house prices
08:35 Do rising yields end in recession?
09:51 What happens next