Bond yields and equities both rise sharply. Please explain.
b'Wednesday 20th April 2022It\\u2019s not something that will continue for long, but US bind yields have risen sharply today, and so have equities. Which one will give in first? Equities have risen because of strong earnings results but, as NAB\\u2019s Ray Attrill observes in today\\u2019s podcast, there\\u2019s still a long way to go. Bond yields are rising as Fed speakers up the ante on the path of interest rates, with one even raising the prospect of a 75-basis point rise at the next meeting. Meanwhile, oil is down sharply today, with the IMF downgrading global growth forecasts, except in Australia. There\\u2019s also discussion on the RBA minutes and the fall in the Japanese Yen.
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