Rising inflation & impact on bond markets, commodities, and cyclicals like banks and high growth tech stocks

The lunar year of the ox is said to bring success in many ways for all zodiac signs. It is no coincidence that markets are bearing witness to firmer bond yields, which we interpret as investor expectations of a strong economic recovery. As of last Fri, the 10y UST benchmark yield stood at 1.344%, up from 1.157% just 5 trading sessions earlier. Maybank’s strategists will focus on the implications that inflation might have on the ASEAN bond markets, commodity markets, and cyclical sectors like banks and high growth tech stocks.

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