Business
ASX to open flat despite unsettled US markets – The Australian Financial Review
Australian shares are set to open flat after choppy trading on Wall Street, while Jerome Powell and Janet Yellen told Congress the US economy was still vulnerable…
While the rise in bond yields has caused stock market volatility in recent weeks, we believe the uptick in yields is simply part of the reflation trade. All other asset classes have either hit their pre-pandemic levels or exceeded them, with the exception of the 10-year Treasury bond. Bond yields are simply returning to pre-pandemic levels, which were already very low by historical comparisons. We expect the broader stock market to be able to cope with higher bond yields.
The one area of the stock…
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