According to CoinMeta, the term premium on government bonds is the additional return that investors demand for holding long-term government bonds, reflecting their expectations for future short-term interest rates and as a compensation for risk. Recent data shows that the yields on long-term government bonds rose significantly in August 2026, with the 30-year yield exceeding 5.2% and the 10-year yield around 4.7%. This change could have an impact on the stock market, as higher government bond yields increase the discount rate for future corporate earnings, particularly affecting highly valued growth companies. Moreover, when safer government bonds offer higher returns, investors' willingness to invest in riskier assets may decrease.