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1.Market Observations, 8.Was Sticky

8 Oct 2018 (AFR) – Rising bond yields will hurt global equity markets – could end bull market

(8 October 2018, AFR, p22, by William McInnes)

‘Veteran investor Geoff Wilson says further rises in US bond yields could spell the end of the longest bull market in history. On Friday, the 10-year Treasury bond yield hit a fresh seven-year high of 3.23 per cent on the back of US employment data. While the job numbers came in well below expectations, earnings were higher and the unemployment rate fell to its lowest level since 1969.  Mr Wilson, chairman of Wilson Asset Management, said the 10-year yield could rise as high as 5 per cent, and that could bring an end to the long bull market.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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