Rabobank: Is Joe Biden Turning Into Jimmy Carter?
By Philip Marey, US strategist at Rabobank
Stock markets continued their Omicron relief rally yesterday, despite the limited amount of hard data on the new COVID-19 variant. The S&P500 gained 2.1% and the Euro Stoxx 50 rose by 3.4%. This morning, most Asia-Pacific stock markets are up. The 10 year US treasury yield climbed further to 1.48% yesterday, but is trading sideways around 1.46% this morning.