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Stock Rout Spreads as Bonds, Currencies Stay Calm: Markets Wrap
Against this backdrop, the Federal Reserve has been trimming its balance sheet and raising interest rates, provoking the ire of an unpredictable President Donald Trump and helping force a repricing of riskier assets. “The sharp rise in U.S. 10-year yields has caused investors to suddenly reprice the impact of moving from post-crisis low yields to a rising rate environment,” Eleanor Creagh, an Australian market strategist at Saxo Capital Markets in Sydney, said by email.
https://finance.yahoo.com/news/asia-braces-losses-u-stocks-220245599.html?.tsrc=rss
Against this backdrop, the Federal Reserve has been trimming its balance sheet and raising interest rates, provoking the ire of an unpredictable President Donald Trump and helping force a repricing of riskier assets. “The sharp rise in U.S. 10-year yields has caused investors to suddenly reprice the impact of moving from post-crisis low yields to a rising rate environment,” Eleanor Creagh, an Australian market strategist at Saxo Capital Markets in Sydney, said by email.
https://finance.yahoo.com/news/asia-braces-losses-u-stocks-220245599.html?.tsrc=rss
