أسواق الأسهم العالمية تحت ضغط ارتفاع عوائد السندات الحكومية
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00:00 The US bond yields have reached a record level in the last 10 years,
00:06 which the markets have not seen since 2007.
00:09 The fear is still there of increasing interest rates,
00:14 and we see these strong increases in the US bond yields in the last 10 years.
00:22 This is not only in the US, but also in Germany, which has also reached a record level since March,
00:30 and also in Japan, which has also reached a record level in the last 10 years.
00:39 We know that the bond yields are in contrast to the prices of the bonds,
00:47 and this is what we are witnessing at the moment.
00:52 Why did these high interest rates occur?
00:56 Because there are strong economic indicators in the US markets and in the United States,
01:02 of course, at the level of the labor market,
01:05 at the level of inflation, which is still far from the US federal targets,
01:10 and exceeds 3% and the targets are at 2%,
01:13 and the federal wants, according to the latest federal report,
01:18 that its members see more increase in interest rates in the next period,
01:23 where the markets were saying that there is a state of stability and stability,
01:28 but what happened is the opposite, and therefore the US bond yields have risen.
01:34 We also witnessed a decrease in the attractiveness of the shares.
01:39 Of course, when the bond yields rise, there is a clear pressure on the stock markets
01:46 due to expectations related to the rise in interest rates,
01:50 and therefore we see the attractiveness that moves away from the shares and moves to other goods.
01:57 The S&P 500 fell by only 5% in August,
02:01 and the MSCI index for international stocks since the July summit fell by 6%.
02:06 Naturally, when the bonds yields rise and expectations of increasing interest rates,
02:12 there will be pressure on the housing market,
02:15 on the real estate bonds that have recorded their highest levels since 2000,
02:19 and their highest levels in 21 years.
02:22 Also, when the bonds yields rise, we see a rise in the US dollar,
02:27 which puts pressure on gold and also on emerging currencies.
02:32 So, at the moment, with the rise in interest rates,
02:37 the bonds yields remain at their highest level since 2007.