US treasury yields at multiyear highs, stocks muted

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Euro strengthened and the spread between French and German bond yields narrowed after President Macron won a larger than expected vote share in Sunday’s election

Pedestrians and cyclists pass the US treasury building in Washington, DC on April 10 2022. Picture: BLOOMBERG/TOM BRENNER

The first round result saw Macron record a bigger lead than he managed in 2017, leaving the euro 0.4% higher on the day at $1.0915, after it initially rose to $1.0955 overnight then fell to $1.0874. “With Macron’s re-election far from assured, markets will keep a close eye on polls in the coming two weeks.”

“You have to have a bias to the market overall — the bias in our mind is negative because of this combination of slowing growth, higher inflation and higher yields, tighter financial conditions,” said Hani Redha, multi-asset portfolio manager at Pinebridge Investments.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Im a carpenter I got retrenched in 2020. Im struggling to find employment. My children often cry themselves to sleep because they sleep hungry😭. I don't feel like a man because of that💔. I ask for any food nearing their expiry date🙏🏻

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Sirino is like a new acquisition for us,’ says Sundowns coach MngqithiMamelodi Sundowns coach Manqoba Mngqithi says the freshness of influential attacking midfielder Gaston Sirino is like the club signing a new player close to the end of the season.
Source: SowetanLIVE - 🏆 13. / 63 Read more »