Upward moves in longer-dated US Treasurys suggest the stock rally of the last seven weeks may not be sustainable, according to DataTrek Research.
That reflects a difference of 0.18 percentage points, which almost mirrors the 0.19 percent point increase in inflation expectations baked into 5-year Treasurys, Colas said. "This tell us that real interest rates have been rising over the last month, indicating that investors are demanding a higher inflation-adjusted risk-free rate of return," Colas wrote."Put another way, the recent spike in yields is not just about inflation. Rather, it is a sign that investors are growing more risk averse."
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Baidu stock price falls after earnings, stock buyback planBaidu stock whipsaws after Chinese search giant posts revenue beat and announces $5 billion stock buyback plan
Source: BusinessInsider - 🏆 729. / 51 Read more »