Biden’s plan bets big on infrastructure and the “old” economy

Macro-economy
April 1, 2021

Biden’s $2.3 trillion recovery plan boosted growth expectations in the US, pushing stocks higher globally. US Treasuries were under pressure, with the 10Y yield climbing at 1.753%. European stocks continued to underperform, with declines on the FTSE, CAC and DAX as France extended the regional lockdown nationally.

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Biden’s plan bets big on infrastructure and the “old” economy

You might also read :

Inflationary pressures are building. Monetary tightening approaches

Downward adjustment of the Russia-Ukraine-NATO risk premium

Irrational Exuberance?

Simplifying energy markets