Category: Business, Tech

Bond yields used to be the place in the market people looked between stock headlines. That habit is costly now. Investors are most underweight bonds since June 2022, but developed-market government bond funds still drew fresh money, Reuters reports. The problem is returns have been poor – 10-year Treasuries and German Bonds have produced negative returns since late February while equities have continued to rally in parts of the market. Reuters also noted that US ten-year Treasury yields above 4.5% are now viewed as a critical level, above which higher yields begin to have a more direct negative impact on equities.