MARKET WRAP: JSE slips as US bond yields rise again

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Volatility returns to US treasuries after Biden signs the $1.9-trillion relief bill into law, weighing on stocks and emerging-market currencies

The JSE closed a mixed week on a negative note, with its global peers also mixed as inflation concerns persisted, pushing US treasury yields higher after President Joe Biden promulgated his large Covid-19 stimulus package.

Tech giants Naspers and Prosus fell the most on Friday, with miners, industrials and resources the worst-performing indices on the day...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

 

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