Global Markets Fluctuate Between Incentives and Bonds

Global markets are mixed with the acceptance of the stimulus package in the USA and the high rate of bond yields.

Global markets fluctuate between incentives and bonds. With the acceptance of US President Joe Biden's 1.9 trillion dollar package in the Senate, a positive mood prevails in the markets, while the high course of bond yields continues to have an impact on risk appetite. Although the Asian Stock Exchanges and US futures indices started with an increase in the first trading day of the new week with the approval of the economic support package in the Senate and the strong data announced in China, this upward momentum returned to the sale under the leadership of technology shares with the increase in bond interest rates again. While sales accelerated in Asian indices, the depreciation in China's CSI 300 index was 2 percent. The S&P 500, which recorded a decline throughout the past week due to the increase in bond yields, but completed the week with gains on Monday and Friday with an increase of 0.8 percent, also experienced a limited decline in the first transactions of the new week. As inflation concerns increased after the US non-farm payroll data on Friday announced above expectations, the US 10-year bond yield climbed to a one-year high at 1.6238 for a while. Closing the week at 1.5661, the US 10-year bond yield is above 1.58 percent in the first transactions. Again, due to the rising momentum in bond yields, the Bloomberg Dollar Index, which closed last week with 0.94 percent gain, is moving upwards.