Over the weekend, US Treasury secretary Janet Yellen urged lawmakers to pass the fiscal stimulus package. PackageMSCI’s index of developed and emerging market stocks marked another record high, rising 0.25 per cent. “That will have a spillover effect in European markets.”In Europe, the region-wide Stoxx 600 index rose 0.4 per cent. As investors moved out of the debt, the yield on the 10-year bond rose 0.02 percentage points to 1.2 per cent. The 30-year yield rose 0.02 percentage points to about 2 per cent for the first time since the coronavirus crisis began.

Source: The Irish Times February 08, 2021 12:00 UTC