Time now for an in-depth look at the market news this afternoon.
And for that, I'm joined on the line by Mr. Daniel Yoo, Global Strategist at Yuanta Securities.
Mr. Yoo, good afternoon.
Thanks for coming on today.
Thank you.
Extreme volatility in the markets right now.
A lot of fear of what the Fed is going to decide to do this week to get inflation under
control and how that will impact the economy.
U.S. stocks are now officially in a bear market, down 20 percent from the high in January.
We're looking at a half-percent rate hike, or more.
What's happening in the global markets right now, and could we get some relief after this
meeting?
Korean
stocks down today too, but not by as much as other markets.
About 1 percent on the KOSPI, bringing now below 25-hundred points.
That's the lowest in over a year and a half.
New 52-week lows for a lot of the big names.
Tell us about the domestic market.
Now, with bigger rate hikes expected, the yield on the 10-year Treasury has risen almost
to 3-point-4 percent, up 24 basis points... in
the biggest move since March 2020.
The two-year is only slightly lower, and in fact briefly surpassed the 10-year on Monday.
Tell us about that and what it
is signaling about
the markets
and interest rates.