Stocks Hitting Records as Yield Curve Steepens

01 mins 22 secs

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As the yield curve steepens, equity markets are hitting record highs. The Data Analytics team at Bank of America Merrill Lynch looked at macro factors and found that rates - especially credit spreads and the 2-10 year yield curve - matter the most for US stocks. Equity and Quant Strategist Toby Wade says quote “the yield curve now explains returns for a much larger pool of US stocks.” 

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