Higher bond yields: What it means for your portfolio? | CA MARKET UPDATES

A sharp surge in the bond yields has come again to haunt the equity markets.

• The US 10-year treasuries’ yield surpassed 1.6 per cent, highest in one year.

• Higher bond yield is theoretically bad for equity markets.

• However, high economic growth can offset the negative impact of rising bond yields. Is Bitcoin’s rally coming to a halt? Bitcoin has seen an unprecedented demand which skyrocketed its price from US$11,000 in October 2020 to above US$58,300 in February 2021. During the rally there has been a few instances when Bitcoin had fallen by more than 10 per cent in a day.

• Bitcoin has slid by almost 22 per cent last week, its worst weekly fall in over a year.

• Bitcoin has faced selling pressure just when the global equity markets are falling due to rising bond yields.

• Bill Gate’s take on Bitcoin to “stay aside if you don’t have spare money” hit the sentiments of the crypto bulls. America’s $1.9 trillion COVID-19 Relief Package Passed in the House, what is next?

• After being passed in the House, the $1.9 trillion Coronavirus rescue package heads to the Senate for discussions.

 


Disclaimer
The website https://kalkinemedia.com/ca is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001. The principal purpose of the content on the website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

 

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK