Equities Can’t Keep Ignoring Rising Bond Yields
Inflation is bad for fixed income, but it’s not great for overvalued stocks either.
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Welcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
The latest British jobs and wages data may be a bit of a relief to the Bank of England. It’s not especially reassuring for the rest of us.