Real yields reach lows, vaccine reach slows
Tuesday 27th July 2021Whilst US equities edged to all-time highs, the real yields on US Treasuries sank to new lows. NAB\u2019s Rodrigo Catril talks about how expectations for tapering by the Fed could be pushed back, as the recovery slows. The take-up of vaccines in the US isn\u2019t helping, with the seven-day average of daily jabs now at the lowest level since early January. In the UK infection rates are falling \u2013 but still very high \u2013 but hospitalisations are increasing. Whilst in the Sydney region lockdowns are likely to last longer, with almost 400k people claiming disaster payments, according to today\u2019s AFR. So, plenty of reason for caution, and the waiting game is on for the response from the Fed later this week.
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