Bassanese Bites: Bonds behaving badly – October 03 2023
Global markets
Despite benign US inflation data, the ‘no landing’ correction in global equities continued last week, with the S&P 500 down a further 0.7% and US 10-year bond yields rising 0.13% to 4.57%. If there was any consolation, US stocks were at least somewhat less sensitive to the further rise in bond yields.
