Rising Treasury yields, inflation expectations fuel safe haven pull-out
Sell-off in Japanese yen, Swiss franc and gold could be aggravated by US$1.9t relief bill passed by US Senate; strengthening greenback against yen and franc offers opportunities for carry trades, says strategist
Add BT as a preferred source
Singapore
WHATEVER was safe is no longer safe.
The recent sell-off in haven assets such as the Japanese yen, Swiss franc and gold, fuelled by rising US 10-year Treasury yields which signal economic optimism and inflation expectations, could be aggravated further following the US$1.9 trillion relief bill passed by the Senate last weekend.
TRENDING NOW
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
As luxury retail goes big, can Singapore’s Orchard Road keep up?
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
