Kaplan says Fed will avoid 2013 taper tantrum this time around bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
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Blue Wave Spurs Stocks Rally as U.S. Yields Soar: EM Review
By
January 8, 2021
(Bloomberg) Emerging-market stocks headed for the biggest weekly gain since early November after Democrats won control of the U.S. Senate in Georgia runoff elections, spurring optimism for a boost in fiscal stimulus. U.S. Treasury yields broke above 1% for the first time since the pandemic-driven turmoil in March, spurring gains in the dollar and weighing on developing-nation currencies.
The following is a roundup of emerging-market news and highlights for the week through Jan. 8.
Highlights:
Democrats won control of the U.S. Senate for the first time in six years with victories in two runoff races in Georgia a stunning result in a state that hadn’t sent a new Democratic senator to Washington for two decades
Fed s Kaplan says expect rising bond yields as economy mends bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.