Investment Weekly
Chart of the week – Higher bond yields pressuring stocks
US Treasury yields have risen markedly since the start of the year, with the 10-year yield jumping above 4.5 per cent this week for the first time since mid-November. Market repricing of 2024 Fed rate cuts has been a big driver of the move. Despite yields creeping higher, year-to-date gains across the risk asset universe have been impressive. But there are signs that risk markets are beginning to wobble under the strain of higher risk-free rates.
More from this week:
Market Spotlight
- Q1 results season – show us the earnings!
Lens on…
- Promising run for Asia stocks
- Fed affects FX
- Don’t forget about fiscal policy