WS #14751
The 10-year Treasury yield held near 19-year highs, reflecting persistent Fed hawkishness and inflation stickiness, while the S&P 500 remained range-bound. Weak demand in the Philippine housing market and ANZ Bank's strategic exit from Asian markets underscore global economic fragility. High real yields continue to pressure growth stocks and REITs, limiting upside potential for equities despite geopolitical relief.
Macro Caution & Yields
The 10-year Treasury yield held near 19-year highs, reflecting persistent Fed hawkishness and inflation stickiness, while the S&P 500 remained range-bound. Weak demand in the Philippine housing market and ANZ Bank's strategic exit from Asian markets underscore global economic fragility. High real yields continue to pressure growth stocks and REITs, limiting upside potential for equities despite geopolitical relief.