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
$12.37 |
Change
-0.190(1.51%) |
Mkt cap ! $38.25B | |||
| Open | High | Low | Value | Volume |
| $12.37 | $12.49 | $12.28 | $59.48M | 4.808M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 455 | $12.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.38 | 94041 | 6 |
View Market Depth
| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
$12.37 |
Change
-0.190 ( 1.86 %) |
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| Open | High | Low | Volume | ||
| $12.40 | $12.49 | $12.28 | 971895 | ||
| Last updated 16.10pm 29/05/2024 ? | |||||
| TCL (ASX) Chart |