Threats to ‘exuberant’ share values

Rises in bond yields this year threaten stretched and “exuberant” valuations of stock markets, Davy credit expert Donal O’Mahony has warned, writes Eamon Quinn.

Rises in bond yields this year threaten stretched and “exuberant” valuations of stock markets, Davy credit expert Donal O’Mahony has warned, writes Eamon Quinn.

In its monthly debt digest, Mr O’Mahony said that even as economic fundamentals remained “solid” and “euphoria” in markets was held back last year, valuations nonetheless look “well-stretched, and bond markets threaten”.