WS #15049
Global financial conditions are tightening as the RBA lifts rates to a 15-year high and European banks seek record liquidity from the ECB. Rising US Treasury yields are driving turbulence across global bond markets, with Thailand adopting shorter-term borrowing instruments to mitigate duration risk. This macro backdrop pressures high-multiple growth stocks and financials with significant interest rate exposure.
Global Liquidity and Rate Stress
Global financial conditions are tightening as the RBA lifts rates to a 15-year high and European banks seek record liquidity from the ECB. Rising US Treasury yields are driving turbulence across global bond markets, with Thailand adopting shorter-term borrowing instruments to mitigate duration risk. This macro backdrop pressures high-multiple growth stocks and financials with significant interest rate exposure.