Busy day on global markets as bond yields continue upwards
US Federal Reserve chair Jerome Powell showed little alarm about the rise in yields on Thursday
05 March 2021 - 13:06
London — It was a frantic Friday for traders as another push higher in bond-market borrowing costs and the dollar sank stocks and oil prices jumped after Opec and its allies opted against increasing supply for the time being.
Nervy European shares started 0.7% lower, Asia had dropped, Wall Street’s S&P 500 had briefly gone negative for the year on Thursday and MSCI’s all-country index was on its longest losing streak in six months...
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