After having climbed, practically in a straight line for a year, stimulated by the massive stimulus plans deployed by states and central banks all over the planet, Wall Street seems seized by doubt.
The Standard & Poor's 500, the benchmark index for professionals, is down more than 3% over one month.
The Nasdaq, which had literally soared, driven by the excellent health of the tech giants, plunged nearly 8.5% over the same period.
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The sharp rise in the rate on 10-year US government bonds, fueled by expectations of renewed inflation and growth, dampened investor optimism.
The price of
treasuries
has jumped more than 50% in just a few weeks, from less than 1% in January, to a peak of almost 1.6% in recent days.
After a brief lull at the start of the week, concern resurfaced on Thursday with the speech given by Jerome Powell, the head of the US Federal Reserve (Fed).
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