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Investment Weekly

Higher bond yields pressuring stocks
12 April 2024

    Chart of the week – Higher bond yields pressuring stocks

    US Treasury yields have risen markedly since the start of the year, with the 10-year yield jumping above 4.5 per cent this week for the first time since mid-November. Market repricing of 2024 Fed rate cuts has been a big driver of the move. Despite yields creeping higher, year-to-date gains across the risk asset universe have been impressive. But there are signs that risk markets are beginning to wobble under the strain of higher risk-free rates.

    Chart of the week – Higher yields pressuring equities

    More from this week:

    Market Spotlight

    • Q1 results season – show us the earnings!

    Lens on…

    • Promising run for Asia stocks
    • Fed affects FX
    • Don’t forget about fiscal policy

    Download the full report PDF, 3.1MB