米国債利回り急上昇、FRBドットプロットで2026年利上げ観測強まる

Higher interest rates and a steeper yield curve typically pressure bank net interest margins as funding costs rise faster than asset yields, and the hawkish Fed outlook signals tighter financial conditions.

Rising US yields and a stronger dollar (Bloomberg Dollar Spot Index up 0.7%) negatively impact HSBC's emerging-market earnings and dollar-denominated assets, while rate hikes may slow global growth.