Opinion
Equity investors should stop fretting about rising interest rates
Rather than fear the bond market, equity investors can prosper from a stronger economy that boosts earnings and, yes, also leads to higher interest rates. It’s called a recovery.
Michael MackenzieBond bears are growling louder and that poses a serious question for equity investors. When should they really start worrying about rising 10-year interest rates?
Global economic growth and corporate earnings estimates are picking up, confirming upbeat investor expectations that have propelled equity and commodity prices sharply higher in recent months. Also on the rise are 10-year global interest rates. In the US, Japan, China, Australia, Europe and the UK, they are now at their highest levels in nearly a year.
Financial Times
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