Part 8/10:
A notable trend linked to the stimulus is the rise in bond yields, which have increased by approximately 70 basis points within just two and a half months. Some market participants interpret this as a sign of optimism but also express concern about potential volatility.
However, experts like Vasu Menon of OCBC suggest that rising yields are a natural response to economic recovery, and current levels remain low historically. For now, the market seems to be taking a cautious stance, with some investors cashing out or reducing exposure temporarily.