Bond Selloff to Benefit Global Stocks as Economy Gathers Pace, HSBC Says

(Bloomberg) -- A selloff in bonds will benefit
stocks because it reflects stronger-than-estimated economic
growth and will prompt investors to switch to equities,
according to HSBC Holdings Plc.

Indexes worldwide fell earlier this month as yields on U.S.
10-year Treasuries reached a five-year high, eroding the appeal
of company dividends. Benchmarks rebounded last week after the
U.S. Federal Reserve said the world's biggest economy is growing
without causing inflation.


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