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Why fears over slowing global Covid-19 recovery are premature

As we pass the halfway mark of 2021, investor worries about the growth outlook have once again begun to stir. The main trigger for this has been the recent fall in longer-term government bond yields, first and foremost in the United States but also in other parts of the world such as Europe and China.The key global benchmark 10-year US Treasury interest rate plunged as low as 1.3 per cent last week from a high of 1.75 per cent at the end of March. Meanwhile, the Chinese 10-year government bond…

Read the original article at South China Morning Post

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