Above 5%

The 30-year US Treasury yield has moved back above 5%, reflecting renewed concerns around inflation and fiscal pressures. June CPI data showed persistent service inflation and early signs that tariffs may be starting to impact core goods prices—leaving the Fed little room to cut rates in the near term.

Higher long-term yields increase debt servicing costs and challenge longer-duration assets like growth stocks. At ECP, we remain focused on companies with solid fundamentals, strong cash flows, and attractive valuations—an approach well-suited to this environment.