Business
ASX set to fall as Wall Street slides on poor economic data – Sydney Morning Herald
The ASX is set to open sharply in the red as Wall Street slumped lower on the back of the release of economic data that showed continuing pain for recession-impacted…
Bond yields continue to climb, as murmurs of inflation have started among investors and as the economy continues to climb out of the hole that was created by the pandemic. The yield on the 10-year US Treasury note was at 1.30 per cent, nearly double where it was last fall. Its now trading at levels seen before the March 2020 pandemic shutdowns.
The climb in bond yields has multiple impacts on the market. When bonds pay higher yields, they are more attractive to a broader group of investors, who…
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