It looks like the bond market, which has a reputation of predicting recessions, has entered into a bear market which historically last decades. Yields have spiked. Interest rate rises are coming.
This will weigh heavily on all risk assets. However what is of greatest concern is twofold:
1. The knock-on effect on consumer spending.
2. The tightening of regulation and ‘credit’
BNPL looks like it is one of the riskiest sectors at one of the riskiest times since WW2.
My 2 cents. Don’t shoot the messenger.
Bond market says BNPL is doomed
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Last
$1.70 |
Change
-0.090(5.04%) |
Mkt cap ! $1.909B | |||
| Open | High | Low | Value | Volume |
| $1.74 | $1.78 | $1.69 | $129.7M | 75.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 93847 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 556968 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |