WS #14750
US Treasury yields are holding near 19-year highs as Asian trade confirms the bond selloff is persistent. Fed representatives are signaling that further rate hikes may be necessary to combat sticky inflation, which contradicts market hopes for a pivot. This environment creates a headwind for high-multiple growth stocks and REITs, while supporting the US Dollar Index which is approaching 101.00.
US Treasury & Inflation
US Treasury yields are holding near 19-year highs as Asian trade confirms the bond selloff is persistent. Fed representatives are signaling that further rate hikes may be necessary to combat sticky inflation, which contradicts market hopes for a pivot. This environment creates a headwind for high-multiple growth stocks and REITs, while supporting the US Dollar Index which is approaching 101.00.