Been following the spike in bond yields in recent weeks.
Against this backdrop of a global bond market selloff, TCL's share price - along with the prices of many other bond proxies - has held up very well , I think.
Global equity markets are rising at a time when global bonds are falling... a feature of classic late bull markets.
I'm not sure how long this divergence will last before something will have to give, either a pull back in equities or a sudden rally in bonds.
Because either the bond market is right or the equity market is.
But they can't both be right when they are giving opposing signals.
Inflexion point?
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Last
$13.87 |
Change
-0.035(0.25%) |
Mkt cap ! $42.87B | |||
| Open | High | Low | Value | Volume |
| $13.83 | $13.89 | $13.76 | $13.81M | 998.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 3004 | $13.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.87 | 11786 | 12 |
View Market Depth
| Last trade - 13.06pm 18/09/2024 (20 minute delay) ? |
| TCL (ASX) Chart |