(Bloomberg) - Long term interest rates in the U.S. have been heading higher. Yields on 10-year Treasury notes have risen almost half a percentage tojust under 4.70% this week. That’s the highest since January 2025. This raises some obvious questions, such as what’s driving the rise and are the reasons mainly cyclical or should they be viewed as systemic and of deeper concern?
Even after the recent pullback, Barclays says stock valuations are at their dot-com peaks with some of the worst risks hidden in the biggest stocks.
Some U.S. providers report that telehealth visits, defined as consultations in which a patient connects with a doctor via voice or video chat, increased by as much as 175x since the pandemic began. And a new ETF focused on the companies that provide it has outperformed conventional large-cap healthcare funds.
