Asia caught in a tug of war between global bond and stock markets

Since the end of March, global financial markets have been pulled in opposite directions. Government bond markets have experienced a slow-motion crash. On May 19, the yield on 30-year US bonds, which moves inversely to its price, rose to nearly 5.2 per cent, its highest level since June 2007. The average yield on 10-year sovereign bonds in the Group of 7 advanced economies has hit a 22-year high.
Global stock markets, on the other hand, have been on a tear. Since March 30, the MSCI World Index,…

المصدر: SCMP — Tech