The Federal Reserve warns of risks related to asset valuation pressure: yields on all maturity Treasury bonds remain at high levels since 2008.

On April 25th, the Federal Reserve released its financial stability report, pointing out vulnerabilities related to stock and real estate valuations, and stating that despite some market declines earlier this month, asset prices still warrant attention. The report stated, "Even after recent stock price declines, stock prices remain high relative to analysts' earnings forecasts, and earnings forecast adjustments are slower than market prices. U.S. Treasury yields across all maturities remain high since 2008."