FT News Briefing Bond sell-off roils markets, ex-Petrobras chief hits back, Ghana’s first Covax vaccines
Feb 26, 2021
The yield on the 10-year Treasury has crossed 1.5%, causing a stir in the stock market. The ousted Petrobras chief takes a stand against Brazil's president on fuel pricing. Ghana makes headlines as the first country to receive Covid vaccines through the COVAX program, shedding light on global vaccine inequities. The discussion also touches on inflation's impact on bonds, potential repercussions for stock performance, and the challenges facing low-income countries in vaccine distribution. An informative dive into pressing economic and health issues!
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Bond Sell-Off and Inflation
- U.S. bond sell-off happened as inflation worries investors.
- The 10-year Treasury yield hit 1.5%, a one-year high, impacting stocks.
Inflation and Bond Markets
- Inflation harms bondholders as fixed returns lose value.
- Low yields drive up stock prices, creating market instability.
Stimulus and Inflation Concerns
- Continued monetary and fiscal stimulus may not ease investor concerns about inflation.
- Investors doubt central banks' ability to control inflation despite their promises.