Bond Traders See Hawks Everywhere They Look These Days
Central bankers around the world are shifting away from easier monetary policy, pushing yields up.
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Slowly but steadily, central banks around the world are starting to tilt away from the idea of lower interest rates, pushing yields higher.
If the shift endures, the implications are huge for financial markets everywhere. Higher yields mean increased borrowing costs for governments, companies and consumers. They’ll also pull money out of equity markets and remove a prop under the valuation of high-flying tech stocks.