Take Five: Bond yield rise might be the real thing
By Reuters Staff LONDON (Reuters) - FILE PHOTO: A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. REUTERS/Carlo Allegri/File Photo 1/ YIELD JOLT Higher U.S. Treasury yields have so far done little more than jolt equity markets off record highs. That will change if “real” yields -- adjusted for inflation -- take off. It was last year’s real yield plunge which sent cash flooding into stocks; while expensive, they looked like a good deal compared with real yields of minus 1%. But big-time government spending plans and prospects of eco...
Source: reuters.com