Recovery Concerns Spook The Markets – Investing.com UK
- Date: 09-Jul-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Recovery Concerns Spook The Markets – Investing.com UK
Yesterday’s continued slide in bond yields, along with a sharp fall in stock markets, appears to be painting a narrative that the reflation trade is dead or dying.
The slide in yields this week appears to suggest that bond investors are becoming increasingly concerned about a sharp slowdown in global and US growth prospects, as well as diminishing inflation expectations.
As a consequence of the slide in yields the US 10-year hit a low of 1.25% on Thursday before bouncing, however it is still down 8bps this week, having shed 14bps in June.