Good economic news is becoming a double-edged sword for markets | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Good Economic News Is Becoming a Double-Edged Sword for Markets Improving data and the imminent passing of the second-biggest stimulus program in U.S. history has turned optimism about a recovery into fears of an overheating economy. Bloomberg | Mar 08, 2021
(Bloomberg) A rapid souring in financial markets on Monday highlights how even the most positive news for the world economy is no fillip to risk assets weighed down by the anchor of the global bond market.
Such is their sensitivity to rising Treasury yields, that the weekend approval of a $1.9 trillion U.S. stimulus package and a surge in China’s exports sent U.S. equity futures and other risk-sensitive assets lower. The Turkish lira and South African bonds tumbled while stocks sold off across much of Asia as the 10-year Treasury yield briefly pushed beyond 1.60%.
Confused? Why good economic news is proving a double-edged sword windsorstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from windsorstar.com Daily Mail and Mail on Sunday newspapers.