A fresh spike in global bond yields is once again forcing investors to reassess risk appetite across markets. Rising yields in both the United States and Japan have added pressure on equities, particularly sectors that have benefited from the artificial intelligence-led rally over the past year.
According to Manpreet Gill from Standard Chartered Bank, markets are beginning to react more visibly to inflation concerns and the impact of higher oil prices, while also adjusting to the early phase of new leadership at the US Federal Reserve.