Masstown farmer launches pumpkins over a kilometre for charity | SaltWireNEW YORK - A relentless selloff in U.S. government bonds has brought Treasury yields to their highest level in more than a decade and a half, roiling everything from stocks to the real estate market.
"Investors have to take a very hard look at risky assets," said Gennadiy Goldberg, head of U.S. rates strategy at TD Securities in New York."The longer we remain at higher interest rates, the more likely something is to break." Elon Musk warned that high interest rates could sap electric-vehicle demand, which knocked shares of the sector on Thursday. Tesla’s shares closed the day down 9.3%, as some analysts questioned whether the company can maintain the runaway growth that has for years set it apart from other automakers.
"The correlation of the USD with rates has been positive and strong during the current policy tightening cycle," BofA Global Research strategist Athanasios Vamvakidis said in a note on Thursday.
Source: Financial Digest (financialdigest.net)
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