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LONDON MARKET CLOSE: Stocks Routed As Inflation Fears Lift Bond Yields
Fri, 26th Feb 2021 17:06
(Alliance News) - Stocks in London ended sharply lower on Friday as fears over a potential rise in inflation kept US bond yields elevated.
In bond markets, the yield on the 10-year US Treasury edged up to 1.51%, from 1.48% at the same time Thursday. It briefly moved past 1.6% on Thursday - its highest level in over a year amid expectations for higher economic growth and inflation on the back of Covid-19 vaccine rollouts.
There is a worry that surging inflation could threaten the rally in world markets, despite reassurances from Federal Reserve Chair Jerome Powell that US interest rates will not rise for the foreseeable future. ....

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