Higher for Longer as Energy Inflation and AI CapEx Push Yields Up

Mike Sanders sees attractive entry points with ten-year Treasury yields at 5% and high quality bank bonds over 6%. He urges investors to lock in yields for five to ten years despite a higher for longer environment driven by energy inflation, fiscal deficits, and AI CapEx. Sanders stresses being a bond picker rather than buying everything, since tight spreads mean solid yields can be found without reaching into lower quality.

Opening Bell With Nicole Petallides

29 Sep 2026

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