Sentiment lifted on Tuesday by drop in Treasury yields and latest OECD forecast

Sentiment lifted on Tuesday by drop in Treasury yields and latest OECD forecast 150 150 Realm

Stocks were higher on Tuesday, particularly technology shares which bounced back strongly. Sentiment was helped by a drop in US Treasury yields and a positive mood ahead of Joe Biden’s coronavirus relief bill being passed by House Democrats today. The President is expected to sign it by the weekend.

Markets were also buoyed by a report from the OECD (Organisation for Economic Cooperation and Development) which stated “Global GDP growth is now projected to be 5.6% this year, an upward revision of more than 1 percentage point from the December OECD Economic Outlook” but saying “much will depend on the race between vaccines and emerging variants of the virus”.


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