Deutsche Bank on yields rising - "bad news" for risk assets across the globeVia a note from Deutsche Bank saying negative momentum is not easing.
- S&P 500 has managed to rise for 23 of the last 30 weeks, DB says this is a joint record since 1989
The 'however' is that the broad market pullback on Wednesday and Thursday suggests momentum is now more negative
- rise in longer-dated yields proved bad news for global risk assets
- Bonds took a particular hit after a weak US Treasury auction yesterday, along with mounting concern about inflationary pressures
- a tough backdrop for markets across several asset classes
- the relentless run of gains in recent weeks was always going to be tough to maintain
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Deutsche Bank on yields rising - "bad news" for risk assets across the globe (https://www.forexlive.com/news/deutsche-bank-on-yields-rising-bad-news-for-risk-assets-across-the-globe-20240530/)
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