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Asian markets up but inflation fears keep traders in check | Bangladesh Sangbad Sangstha (BSS)


Asian markets up but inflation fears keep traders in check
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HONG KONG, March 10, 2021 (BSS/AFP) – Asian investors struggled to extend a global markets rally Wednesday as they continue to fret over the prospect of soaring inflation and a hike in interest rates as the global economy explodes out of the coronavirus crisis.
With Joe Biden’s $1.9 trillion handout-rich stimulus on the cusp of being passed, focus on trading floors for weeks has been on the impact of an expected spending splurge by the government and pent-up Americans as they emerge from lockdowns with plenty of spare cash.
In reaction to that, benchmark 10-year Treasury yields have climbed in recent months to one-year highs as dealers sell up in expectation that higher inflation will eat into their returns. ....

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