MFS note flags risk to U.S. corporate valuations from high bond yields
MFS Investment Management’s Benoit Anne says elevated global bond yields could pressure U.S. corporate valuations. He adds that in parts of the market with stretched expectations, even beat-and-raise earnings may not be enough.
U.S. corporate valuations face pressure, despite posting strong earnings, due to elevated global bond yields, MFS Investment Management's Benoit Anne says in a note. "In parts of the market where expectations are stretched, even beat-and-raise earnings may not be enough," he says.
Companies with st…