High real yields reshape HNWI portfolio preservation

Approximately 5.31% 30-year Treasury yields and 3.05% 30-year TIPS real yields create an unusually compelling low-default-risk preservation opportunity. Fiscal deficits, oil, geopolitical risk and AI-related borrowing argue for staged duration, TIPS, cash reserves and disciplined concentration rebalancing while equity valuations and private-market liquidity remain uncertain.