Published On Oct 8, 2023
Major market indices in the United States are in the green so far this year. Traditional investment wisdom dictates that when the stock market goes up, bond yields go down. But the 10-year US Treasury yield has hit its highest level since 2007, and the same goes for 30-year T-bills. Equities on Wall Street are still at lofty levels. CNA’s Roland Lim explains why.
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