Positive U.S. Real Yields Will Rip Up Global Markets Playbook
- Dollar a big winner from rising real yields, tech stocks hit
- Credit faces double whammy on higher rates, spreads: Goldman
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Technology stocks seeing renewed losses, the dollar pushing to new highs and testing times for credit.
These are some of the investor expectations now that bond markets have taken another step toward pre-pandemic normality, with benchmark inflation-adjusted Treasury yields climbing above zero.