# #81 The 5% problem: why bonds are back in the conversation

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Text version: https://stenobird.com/podcast/the-investment-perspective-with-ninety-one-7065967/81-the-5-problem-why-bonds-are-back-in-the-conversation.md
Podcast: [The Investment Perspective, with Ninety One](https://stenobird.com/podcast/the-investment-perspective-with-ninety-one-7065967)
Published: 2026-05-06T14:16:22+00:00
Episode link: https://shows.acast.com/the-investment-perspective-with-ninety-one/episodes/81
Audio file: https://sphinx.acast.com/p/open/s/6704f63a835696b02f258dd3/e/69fae6df82781c7c45bdc977/media.mp3
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Duration seconds: 592

## Resource

The US 30-year bond yield has broken through 5%. That might sound like a technicality, until you understand what it means for every other asset class on the planet. John Stopford unpacks why yields are on the move, what a flattening curve signals for growth, whether equity valuations can hold and why he is selling into strength. Hosted on Acast. See acast.com/privacy for more information.

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## Transcript

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