PRESS ROOM
Technology stocks benefit from falling Treasury yields
Friday 09th July '21
Falling US Treasury yields indicate that markets expect the US Federal Reserve to gradually normalise its ultra-accommodative monetary policy. The recent compromise from the Biden administration on the proposed infrastructure plan (slimming it down to $1trillion from the previously proposed $2.3trillion) has potentially eased some nerves among those contemplating inflationary pressures in the coming months. Tech stocks have been the biggest beneficiaries of this in recent days.