Jan 20, 2022 7:00:00 AM | LGT Navigator
LGT Navigator: China's central bank cuts interest rates again
On the New York Stock Exchange, the expectation of a significantly more restrictive monetary policy on the part of the Federal Reserve and, as a result, rising bond yields, continues to cause selling pressure even after three weak days on the stock market. At midweek, the yield on ten-year US Treasuries reached a two-year high, and the yield on German Bunds with the same maturity was slightly positive for the first time in almost three years. On Asia's stock markets, on the other hand, a further easing of interest rates by the Chinese central bank provided relief.