US 10 Year Bond Yield Frieghtened Global Markets

Last week, major stock markets sank for a second straight days as strong US job numbers leading US 10 year bond yield continued to break new height, which means credit tightening is closing. Having said that Australian markets are said to be bracing for a further credit tightening in the new year as Australian banks are facing more uncertainty after the release of the Banking Royal Commission interim report. Independent economic analyst and strategist, Dr Po Man Chan will shed us some light about it

Traders in NYSE.Getty Images Source: Getty Images