Why higher U.S. yields should cheer investors
From reuters.com
Rising U.S. bond yields should embolden, not spook, investors as they reflect improving growth and increase the allure of assets that most benefit from an economic upturn. The violent market reaction to the prospect of an eventual end to the Federal Reserve's money printing led some to think that the central bank's stimulus was the only thing keeping markets and economies afloat. But the shifts in bond pricing reveal a repositioning for better economic times ahead. In order to benefit from this, investors may switch from buying securities that give a stable income in tough times into assets that will ride an economic ...
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