Global markets rally stalls as US treasury yields soar
The MSCI world index falls 0.1% after 10 positive sessions
17 February 2021 - 12:02
Milan/Singapore — The rally in stock markets stalled on Wednesday as a surge in US treasury yields on optimism about a swift economic recovery put pressure on lofty company valuations.
Benchmark 10-year US treasury yields reached a one-year high to trade near pre-pandemic levels, as vaccine progress and encouraging economic data begin to drive investor focus on inflation...
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