BlackRock's chief bond strategist breaks down the 3 reasons rising bond yields are whacking stocks
By Tarikul in Business
Updated 3 years ago
Rising bond yields have knocked stock markets, with the Nasdaq turning negative for the year. Scott Thiel says higher yields make stocks look less attractive, while the speed of change is worrying traders. He also says investors are concerned the Fed will not stamp down on borrowing costs. Sign up...