Itzehoe – September 09, 2026 -- While the Dax and Dow Jones post fresh records and corporate profits climb on AI enthusiasm, rising bond yields are quietly reshaping the risk calculus for stock investors, according to Jörg Wiechmann, managing director of the Itzehoer Aktien Club.

Yields on long-term government bonds have surged globally in recent weeks. Investors can now earn more than 5 percent on 30-year US Treasury bonds, while Germany's government must pay nearly 4 percent interest to its creditors.