U.S. Treasury yields have slowed. The US 10-year Treasury bond yield has been declining at the weekend tax, moving around 1.4%. Although the Korean stock market was closed on the 1st, the Asian stock market is showing a solid state with government bond yields somewhat calming.
[사진=게티이미지뱅크]
Not only is interest rates declining somewhat, but the outlook that US stimulus measures can have a positive impact on the global economy is also likely to have an impact on the stock market uptrend. China’s manufacturing PMI was below expectations.
But the market appears to be betting on US employment data for February, Reuters said. In addition, as the Johnson & Johnson vaccine was licensed, the speed of vaccination was further accelerated, which has a positive impact on the market.
The futures of the three major indexes of the US New York Stock Exchange are also rising on the morning of the 1st in Korean time. US 10-year Treasury bonds fell from last week’s high of 1.61%.
However, opinions are divided as to whether such an uptrend will stop. NAB’s senior strategist Rodrigo Katrill diagnosed in an interview with Reuters that “Last Friday’s plunge in Treasury yields can be seen as a breath-taking after the recent surge.” “Market participants are still concerned about the prospect of high inflation following the economic resumption.”
This move is intensifying as the US economic stimulus movement accelerates. In recent years, financial institutions in the United States are continuously raising their forecasts for economic growth in the United States. In addition, the recent slowdown in the spread of Corona 19 in the United States is fueling the rise in government bond prices.
The Fed tried to appease the market that high returns reflect optimism over growth prospects, but investors remain concerned that rising inflation could trigger a recession in monetary policy support. “The market is testing the will of the Fed and global central banks,” said Al Rod, CEO of Lexar Capital Management, on Bloomberg TV. have.”
Last weekend, the U.S. House of Representatives passed the Biden government’s $1.9 trillion in Corona 19 aid. The bill has been handed over to the Senate, most likely passed by the Senate.
©’Five Languages Global Economic Daily’ Ajou Economics Prohibition of unauthorized reproduction and redistribution