Stocks hit as yields rise higher still
b'Tuesday 12th April 2022US bond yields continue to career higher. \\u2018IT was another blistering night\\u2019 says NAB\\u2019s Tapas Strickland, with 10-year Treasury yields reaching a three-year high. With no new news, he says, it\\u2019s a continued reaction to the hawkish Fed agenda. But could it all backfire? The Fed has never had successive 50 basis point rises. There are still concerns that they could spark a recession if they move too quickly, particularly as supply chain difficulties won\\u2019t be resolved by monetary policy. And the rising COIVD cases in China suggest there will be more supply constraints to come. With inflation front and centre of everyone\\u2019s attention right now, US CPI figures are obviously the numbers to watch for.
Hosted on Acast. See acast.com/privacy for more information.
'