U.S. stocks pushed further into record heights Friday after an encouraging report on hiring across the country, though trading was shaky as the bond market was hit with another day of sharp swings.
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Publishing date: Mar 13, 2021 • March 13, 2021 • 4 minute read •
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(Bloomberg) The recent rise in interest rates triggered a bout of volatility, but it’s not making the pros in the stock market run for the hills just yet.
Some of the world’s biggest fund managers say equities can persevere and continue rallying through the rise in government bond yields. They are focusing instead on prospects for a powerful economic and profit recovery.
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