Homrich & Berg says rising bond yields above 5% pressure equity valuations as Fed hikes again

By Public Technologies
  • Homrich & Berg flagged bond-market pressure as Treasury yields climbed above 5%, forcing the Fed to hike with markets pricing another hike.
  • Higher yields risk compressing equity multiples, with small caps down 5.4% in September versus roughly a 0.5% drop in the S&P 500.
  • Fuel inflation emerged as a key earnings headwind, with more than half of S&P 500 industries seeing 3Q EPS growth forecasts cut.
  • Municipal bonds fell about 5% for the month, the biggest monthly loss since 1987, amplified by thin liquidity.
  • WTI crude peaked at USD 105/bbl mid-month, still just above USD 90/bbl, raising consumer-risk concerns into the holiday season.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Homrich & Berg Inc published the original content used to generate this news brief on October 02, 2026, and is solely responsible for the information contained therein.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.