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Stocks Wilt under Pressure from Rising Yields
Higher interest rates, driven by inflation expectations, is forcing an adjustment to equity markets. The S&P 500 is poised to gap lower today following slides in the Asia Pacific region and Europe. Japanese and Taiwanese indices advanced by steep losses were seen in China, Hong Kong, and India. Europe's Dow Jones Stoxx 600 is off about 0.7% in late morning turnover, among its steepest loss here in February. The US 10-year Treasury yield around 1.37%, while European yields are narrowly mixed. Despite the upgrade by S&P to AA+ from AA, New Zealand bonds, like Australian bonds, have sold off hard. Yields jumped 13 and ... (full story)
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From edition.cnn.com|Feb 22, 2021|1 commentBoris Johnson is set to announce his long-awaited roadmap for taking England out of lockdown, British government officials confirmed to CNN on Monday morning. The country has been ...
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From nytimes.com|Feb 22, 2021video Treasury Secretary Janet Yellen is speaking at the DealBook DC Policy Project, moderated by The Times’s Andrew Ross Sorkin, about the prospects for a post-pandemic ...
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From @LiveSquawk|Feb 22, 2021|4 commentstweet at 9:08am: US Tsy Sec Yellen: Success Would Be Return To Pre-Pandemic Employment tweet at 9:09am:
Yellen says stimulus needs to ensure people's lives, livelihoods are not permanently scarred by pandemic-NY Times DealBook event 
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