Fears over tightening monetary policies and high inflation rates sent stocks and other risky assets strongly lower yesterday.
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The current retracement is seeing the US Dollar weak while the Swiss Franc is showing the most short-term strength. US Treasury Yields continue to look strong, although the 10-year yield has been significantly more bullish than the 2-year over recent days, with the former briefly touching a new long-term high yesterday before retracing.
It is estimated that 65.5% of the world’s population has received at least one dose of a coronavirus vaccination, while approximately 6.6% of the global population is confirmed to have contracted the virus at some time, although the true number is highly likely to be much larger.