A proposed $1.9 trillion coronavirus relief stimulus package from President-elect Joe Biden may prove a double-edged sword for investors, sustaining optimism for further economic revival while raising worries over how the United States will pay for it all.
Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates with market reversal, comment)
LONDON, Jan 11 (Reuters) - Euro zone bond yields jumped later on Monday as the resurgent COVID-19 pandemic soured sentiment across markets, with hopes of further fiscal stimulus under President-elect Joe Biden sending U.S. Treasury yields to 10-month highs.
Morning trading saw yields dip in the euro area with traders holding off from so-called reflation trade as tepid economic growth prospects fuelled expectations the European Central Bank stimulus will remain in place for a longer period.
The market trend shifted abruptly in Europe as Wall Street opened and expectations of a multi-trillion-dollar stimulus plan lifted U.S. 10-year notes yields to 1.134%, the highest since March 2020.
A global equities rally pushed Japan's Nikkei to a more than three-decade high and U.S. stock benchmarks to new records on Friday, while safe havens such as Treasuries and gold sold off as investors looked past U.S. political unrest and focused on further stimulus to mend.
A global equities rally pushed Japan's Nikkei to a more than three-decade high and U.S. stock benchmarks to new records on Friday, while safe havens such as Treasuries and gold sold off as investors looked past U.S. political unrest and focused on further stimulus to mend.
A global equities rally pushed Japan's Nikkei to a more than three-decade high and U.S. stock benchmarks to new records on Friday, while safe havens such as Treasuries and gold sold off as investors looked past U.S. political unrest and focused on further stimulus to mend.