B · Normal
[Morgan Stanley Strategist Zavolock: Bond yields are far from impacting the stock market] On September 28, Marina Zavolock of Morgan Stanley said that the rise in bond yields is "far from a worrying level" for the stock market. Even if U.S. Treasury bonds are sold off again, the stock market is still expected to remain resilient. Zavolock said credit markets remain healthy. Even as credit spreads widened for some lower-rated borrowers, companies were still able to issue debt and increase leverage. Strong growth is also providing support for the stock market, she said, with European corporate earnings growth approaching 20%.
Comments