The plunge in bond yields leaves investors with few alternatives to stocks
A plunge in bond yields has left investors with few alternatives to stocks.
The latest flare-up in trade tensions has quickened investors’ flight to haven assets, pushing bond yields down to their lowest levels in years. Wall Street analysts say the pullback in yields, along with a new phase of monetary loosening by central banks around the world, should give investors a new rallying cry for the second half of the year: “There is no alternative” to stocks, known as the Tina effect.
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