Stock Market: Jayesh Mehta on what rallying global bond yields mean for Indian market
BofA - Merrill Lynch. What could have led to this kind of a spike in the yields and what does it potentially indicate for the global markets as well as our own? There are two different parts which are playing out. We are kind of aligned with US yields but there are two different things playing out very clearly. The US yields were too low and people are now pricing in very high inflation. In spite of the central bank saying that they will look through the inflation kind of a situation, people are pricing in a much higher inflation and therefore the long end of the curve is going up while the ...
Source: indiatimes.com