the daily moo

Market crash could follow bond yield spike


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Investor fear over US debt has caused a bond market rout, pushing up yields. A sell off spread to equities, and investors turned to 'safer' assets such as gold and Bitcoin (which hit a record). It's worth noting wheat also rallied, says moomoo Australia market strategist Jessica Amir.

Securities mentioned include GrainCorp, Inghams Group, Rigetti Computing, iShares Bitcoin Trust ETF

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the daily mooBy Moomoo Australia & New Zealand