FNArena’s Weekly Insights – October 16 2023
In this week’s Weekly Insights:
-Yield Is Back
-Watch The Corporate Calendar
-CSL & ResMed – Under Pressure
-Best Ideas & Conviction Calls
By Rudi Filapek-Vandyck, Editor
Yield Is Back
Twelve months ago, a temporary peak in global bond yields provided the green light for a strong relief rally in share markets. That relatively close relationship has remained in place since, up until last week.
Prior to last week, the relationship between bond markets and equities looked straightforward and simple: bond yields up, equities down; bond yields down, equities up.
This close relationship explains why any form of bad news has proved positive for equities since, for example, rising risks for US regional banks and the subsequent Fed response resulted in lower bond yields.
