Business · Markets · 16 hrs ago

Stocks stay near record highs as bond yields rise

Stocks stay near record highs as bond yields rise

US bond yields have risen to their highest level since 2002.

Stock markets have nevertheless stayed close to record highs.

In Europe, the Stoxx Europe 600 and Germany’s Dax are each about 5% below their peaks.

That gap suggests investors may be paying little attention to the risks of rising borrowing costs.

But weakness is already appearing beneath the surface of major indexes.

Higher bond yields raise the question of how long stocks can keep holding up.

The available information does not say what will happen next.

Sources

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