The sharemarket gained for a second day, following overseas markets higher, as investors eyed bargains after recent weakness due to rising bond yields. The index fell about 7 per cent last month as rising bond yields reduced the attractiveness of some stocks. The tech stocks rally, which helped lift the S&P 500 1.4 per cent, came after bond yields declined following their rapid rise. 123rf The sharemarket is back in favour as bond yields weakened. The tick down in bond yields has prompted some investors to favour equities again, he said.

Source: Stuff March 10, 2021 04:52 UTC