The 10-year US Treasury yield reached its highest level in almost a year as investors begin to price in the stimulus and spending plan of the new Biden administration.

Confidence in the global economic recovery continues to grow, in turn leading to inflationary risks and higher bond yields.

Guy Monson reviews what this means for financial markets and our underlying policy.

In this video Guy also looks at:

• Record investor optimism and the fall in global uncertainty
• The war-like impact of the virus on public finances
• The need for policy makers to help those most impacted by the pandemic

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