BIS Quarterly Review, March 2021 Montag, 01. März 2021 - 13:33

Markets have been wrestling with reflation prospects in recent months. Prospects of a more robust economic recovery buoyed risky asset prices, with signs of exuberance reflected in retail investors' behaviour. Sovereign yield curves steepened as investors priced in higher inflation and fiscal support. The search for yield underpinned the broadly positive sentiment towards emerging market assets, particularly in East Asia.