Markets wrestle with reflation prospects: BIS Quarterly Review

Markets wrestle with reflation prospects: BIS Quarterly Review

Markets wrestle with reflation prospects: BIS Quarterly Review

Press release | 01 March 2021Prospects of a more robust economic recovery buoyed risky asset prices, with signs of exuberance reflected in the behaviour of retail investors.Sovereign yield curves steepened as investors priced in higher inflation and fiscal support.Sentiment towards emerging market assets remained favourable, in particular in East Asia.

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