# Economist Roubini: Inflation remains the top market risk 10-year bond yields could hit 3-decade highs. - **Source:** [Business Insider](https://www.businessinsider.com) - **Published:** 2026-07-15 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/cec8c3e4-73e1-4b4c-8013-f25e355247b9 ## Warning of inflation as the primary risk Economist Nouriel Roubini warns that inflation remains the biggest risk for markets. He predicts the consumer price index could rise to 5-6%, potentially pushing 10-year Treasury yields closer to 8%. ## Impact of geopolitical tensions Roubini highlights that geopolitical tensions are driving inflation. The US-Iran war, for example, has pushed oil and commodity prices higher, directly affecting consumers and threatening broader economic impacts. ## Reversal of globalization Governments' protectionist policies are reversing the deflationary effects of globalization. Roubini notes that barriers to the free movement of goods, services, and capital are inflationary. ## Government spending and debt Government budget deficits and debt levels are soaring. Increased spending and higher interest rates are ballooning debt bills, which in turn push bond yields higher. ## Climate change and populism Climate change is leading to food supply shocks and higher insurance costs. Populist leaders' policies are also inflationary. Roubini warns these factors will negatively impact markets. ## Consequences of rising bond yields A rise in 10-year bond yields to 8% could be disastrous for stocks. Investors may shift away from risky assets. Roubini's views diverge from the consensus on Wall Street. ## Sources covering this story - https://www.businessinsider.com/inflation-cpi-stock-market-top-risk-bond-yields-nouriel-roubini-2026-7 — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._