New Overnight Developments Abroad - Daily Update
Continuing Rise of Long-Term U.S. Bond Yields Lifts Dollar but Depresses Equities
March 8, 2021
The 10-year Treasury yield’s uptrend that began from 0.89% in mid-December has been extended another three basis points to 1.60%. The senate approved a $1.9 trillion pandemic relief package along partisan lines over the weekend, and investors are concerned that U.S. inflation will exceed the Fed’s expectations in both the short and long run. Bond […] More
