US 10-year Treasury yields have climbed roughly 50-basis points since the start of 2026. This is not an inflation scare. Despite the sharp rise in energy prices following the outbreak of war with Iran, market-based measures of medium-term inflation expectations have drifted lower.
William Vaughan, Research Analyst at Brandywine Global outlines why – in the wake of COP26 – it may be prudent for investors to embrace ESG laggards, rather than restrict investments, and prioritize active engagement with them on their response to climate change, GHG emissions and other difficult issues.
