Since the middle of last year, global bond yields have risen in response to stronger growth prospects. Recently, equity markets have come under pressure as the increases in bond yields have escalated, with the S&P500 falling around 6%. With yields pushing higher on re-opening economies and massive fiscal stimulus, a key question is will rising yields lead to another substantial equity market correction.
Since the middle of last year, global bond yields have risen in response to stronger growth prospects. Recently, equity markets have come under pressure as the increases in bond yields have escalated, with the S&P500 falling around 6%. With yields pushing higher on re-opening economies and massive fiscal stimulus, a key question is will rising yields lead to another substantial equity market correction.
Since the middle of last year, global bond yields have risen in response to stronger growth prospects. Recently, equity markets have come under pressure as the increases in bond yields have escalated, with the S&P500 falling around 6%. With yields pushing higher on re-opening economies and massive fiscal stimulus, a key question is will rising yields lead to another substantial equity market correction.
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