Economist Nouriel Roubini warned inflation remains the biggest market risk, driven by geopolitical tensions, deglobalization and rising government spending. He said a sustained inflation upswing could produce sharp moves in long-term yields: if US CPI reaches 5–6%, the 10-year US Treasury yield could be near 8%. That would be the highest level since 1994, versus about 4.58% currently. Roubini also cited structural pressures — growing government debt and increased Treasury issuance — which could

Economist Nouriel Roubini warned inflation remains the biggest market risk, driven by geopolitical tensions, deglobalization and rising government spending. He said a sustained inflation upswing could produce sharp moves in long-term yields: if US CPI reaches 5–6%, the 10-year US Treasury yield could be near 8%. That would be the highest level since 1994, versus about 4.58% currently. Roubini also cited structural pressures — growing government debt and increased Treasury issuance — which could push yields higher if demand does not keep pace.