US bond yields rose to their highest since 2007

Higher bond yields in developed markets are spooking equity markets, but some on the bond side see the higher yields as too attractive to miss out on. Services prices in Japan rose at the fastest annual rate since 1993. China is pushing hard against a weaker yuan. Bitcoin drops like a stone on a report that Elon Musk's SpaceX company has sold the digital asset. A big options expiration day could explain some sharp moves in the US today. Tim Gagie, Head of FX & PM Solutions Geneva, also joins today’s podcast and he notes that the British Pound has a big interest rate advantage over the CHF.

00:00 Introduction by Helen Freer (Investment Writing)
00:20 Markets wrap-up by Mike Rauber (Investment Writing)
06:32 FX update by Tim Gagie (Head of FX & PM Solutions Geneva)
11:29 Closing remarks by Helen Freer (Investment Writing)

Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or your favourite podcast player.