Opinion
Rising bond yields are casting a cloud over the US equity market, as investors focus on the budgetary implications of the November presidential election.
Investors who heeded the old Wall Street adage of “sell in May and go away” may be ruing their decision, but analysts warn they need not despair.
Rising US bond yields mean global sharemarkets are likely to experience turbulence in coming months, which could well vindicate the saying.
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Original URL: https://www.afr.com/companies/financial-services/rising-bond-yields-could-validate-the-sell-in-may-adage-20240528-p5jh4w
