Stocks Worldwide and Bond Yields Finally Moved in Tandem: ChartBy
Global equities moved in the same direction as U.S. government bond yields last week for the first time since July. Concern that troubles at European banks could spread and derail economic growth pushed the MSCI All-Country World Index down 0.4 percent, while Treasuries climbed, sending the yield on 10-year bonds 0.02 percentage points lower. Speculation over whether the U.S. economy is strong enough to warrant a rate increase from the Federal Reserve has gripped traders of the two asset classes in previous weeks.
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