Nasdaq slides as inflation fears erode risk appetites

The tech-heavy Nasdaq is down more than 1.5% in closing American trade this morning.

Tue, 23 Feb 2021

TLDR: Morena. Inflation worries are top of mind this morning with the Nasdaq down more than 1.5% on fears a bond market selloff could derail the ‘risk-on’ approach of investors. Copper and milk powder prices hit fresh highs to reinforce the inflation nerves. The New Zealand 10-year bond yield hit an 18-month high yesterday, which the Reserve Bank may have something to say about tomorrow.Here’s five key things to start the dayToo steep? New Zealand’s 10-year government bond yield jumped 13 basis points to 1.64% late yeste...

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