Having It Both Ways: Investors Bid Up Stocks On Treatment Optimism, But Treasuries Stuck
- Date: 24-Aug-2020
- Source: Forbes
- Sector:Financial Markets
- Country:Gulf
Having It Both Ways: Investors Bid Up Stocks On Treatment Optimism, But Treasuries Stuck
Getty Images
Getty Images
Key Takeaways:
More green early on as investors seem enthused about possible virus progress
Fixed income stuck in place, possibly reflecting a little caution
Travel, leisure stocks get into the act early on hopes of progress in reopening
The week starts with a bit of a head-scratcher. The major stock indices are flying on hopes for new tools to fight COVID-19, but fixed income is stuck in place.
The 10-year yield ended last week at 0.64%, and then made a dramatic move all the way to 0.638% as of an hour before the opening bell. Let's call it basically unchanged. This might be reflecting a little reluctance by many investors to rotate more heavily