CCLA says AI lifts long-term US growth expectations as bond yields rise
TLT•CCLA linked rising US bond yields to higher long-term real GDP growth expectations driven by AI. Its October 2026 outlook also flagged a September decline in global equities as central banks lifted rates.
1. Outlook flags risks
CCLA’s October 2026 market outlook said global equities declined in September as central banks lifted rates, pushing bond yields higher. It warned of a policy overshoot risk as tightening accelerates, with investors holding historically large equity allocations.
