Stocks in flux on US yield boost
Equity investment around the world, especially in Asian bourses, has become less attractive
With the 10-year US bond yield rising to almost 3%, fuelled by market expectations of higher US interest rates on the back of rising inflationary pressure and higher oil prices, investment appetite in many stock markets across the globe has been sapped by amplifying fears of lower returns.
The yield on the US 10-year treasury note rose to 2.96% on April 20, the highest since Jan 10, 2014.
The 10-year treasury note's yield is especially important, playing a key role in setting rates for a whole range of business and consumer loans, including home mortgages.