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Tech & Innovation·July 17, 2026·1 min read

End of an era for this long-term bond bull as inflation takes hold and yields trend higher

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When a three-decade bond bull like Lacy Hunt throws in the towel, you should treat higher-for-longer yields as a base case, not a scenario. For operators, that means repricing long-duration projects, tightening hurdle rates on AI and infra bets, and assuming your next big capex round will be financed in a structurally more expensive world.