US inflation fears bring trouble for EMEA block trades

By Sam Kerr
04 Mar 2021

Europe’s equity bankers are looking nervously across the Atlantic at a prolonged sell-off in US stocks that began when fears of impending inflation caused investors to dump tech stocks. The contagion has spread to the European markets, with investor fear starting to show in recent block trades, writes Sam Kerr.

The tech heavy Nasdaq index has fallen by more than 6% in the past two weeks, in line with rising US Treasury yields. The 10 year Treasury rose to more than 1.5% last week and was still above 1.4% on Thursday.

Yields are rising on the expectation of ...

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