Sentiment in financial markets has continued to improve over the past three months, with bond yields in most major markets rising and
equity markets rallying further.
Not exact matches
That data raised a fresh round of questions about how the Federal Reserve will proceed on
further cutting back on its massive monthly bond purchases, which have kept long - term rates low and encouraged a strong
rally on
equity markets.
The recent
rally in the
equity market should have contributed to a
further rise in wealth in the December quarter.
Equity markets have
rallied further, while credit spreads on bonds have narrowed.
If the
equity markets rally, investment grade corporates and high yield will not be
far behind, but this portfolio would lag.