US stocks plunge on rising bond yield
US Stock market plunge on rising bond yield. AAP Source: AAP
US Stocks plunged 3.15% this morning amid fear of rising bond yield as their Asian Pacific counterparts fared pretty subdued yesterday after hitting 8 weeks low recently. Market analysts pointed their fingers to rising 10 Year US Treasury Bond Yield, so what’s the likely trend of the bond yield and how is it going to impact on the markets, and in what ways? Independent economic analyst and strategist, Dr Po Man Chan will shed some lights on this issue.
Share
