Cloudy Outlook On Rates
One of the key indicators of flow of money into
risky assets is interest rates on "risk-free" instruments, the global benchmark
of which is the yield on 10-year treasury note of the US. This has been moving
up consistently from 4.29% from 18th January and hit 5.19% on May 12th. This
sharp run up, a consequence of successive rate hikes of the Federal Reserve, is
supposed to make risky...
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