Lisa Abramowicz: 10-year Treasury yields at highest since 2002 versus S&P 500 earnings yield

Lisa Abramowicz: 10-year Treasury yields at highest since 2002 versus S&P 500 earnings yield
10-year yields surpass S&P 500 metric

Lisa Abramowicz, journalist and co-host on Bloomberg TV/Radio, highlights that yields on 10-year U.S. Treasuries have climbed to their highest level since 2002 compared to the earnings yield on the S&P 500.

Abramowicz observes that while bonds may eventually offer a compelling investment proposition over risk assets, many investors remain cautious, pointing to ongoing strong growth as a reason for holding back.

Abramowicz has previously reported on the U.S. labor market, noting that workforce participation is at a five-year low. She has also highlighted bond market shifts, observing that high-yield bond spreads widened by 28 basis points over three days, marking the largest move since October 2025. These updates provide context to the recent focus on sentiment around bonds and risk assets.

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