Stocks in flux on US yield boost

Stocks in flux on US yield boost

Equity investment around the world, especially in Asian bourses, has become less attractive

Employees head for work at the Stock Exchange of Thailand (SET), as the foreign money flight has caused a downgrade in the local bourse's earnings per share. (Bangkok Post file photo)
Employees head for work at the Stock Exchange of Thailand (SET), as the foreign money flight has caused a downgrade in the local bourse's earnings per share. (Bangkok Post file photo)

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.

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