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A summer risk burnout will keep pressure on the stock market, major bank says

Por: MarketWatch Business August 07, 2023

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Morgan Stanley/Haver Analytics The team at BNP Paribas say the recent increase in yields is not an overshoot, though they do admit being caught by surprise by the speed and nature of the move. “We think there is a clear argument for a further rebuild of term premium, biasing curves steeper and keeping long-end yields stickier into an eventual downturn,” say strategists led by Sam Lynton-Brown, global head of strategy. That’s similar to... + full article



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