FILE PHOTO: A man walks past a stock quotation board at a brokerage in Tokyo, Japan February 26, 2021. REUTERS/Kim Kyung-Hoon
That and a better-than-expected U.S. government bond auction could support a rally in tech stocks and a rotation between growth and value stocks in the next few weeks, said Cliff Zhao, chief strategist at China Construction Bank International in Hong Kong. U.S. Treasury yields were higher on Friday, with the 10-year yield at 1.5405% after falling to 1.475% overnight, its first foray below 1.5% in a week.“There might be some disappointment didn’t expand their bond purchase program but that’s largely offset by undertakings to accelerate the purchases,” said Michael McCarthy, chief markets strategist at CMC Markets.
Do you think this is what people really need right now?
Waits for former guy supporters to tweet their corny conspiracy jokes.🙄 We all know it's coming.