If Morgan Stanley is right it will be the biggest annual increase since 1999 and the best sale of the US Treasuries in 2010. Yields on benchmark 10-year notes will climb about 40% to 5.5%, according to Morgan Stanley chief fixed-income economist David Greenlaw.
PIMCO’s chief executive of giant bond manager Mohamed El-Erian says that the burst of economic activity fed by government spending and near-zero interest rates will soon whether. He adds the within a spam of three or four weeks stocks will drop 10%, the unemployment rate will be up 8% a year from now and the US gross domestic product will grow at an average 2% or so for years to come.
Stockbroker associations have roped in Mumbai MP Milind Deora for help in resolving the extended trading hours issue
Stockbroker associations, the BSE Brokers Forum and the Association of National Exchange Members of India (ANMI) have roped in MP Milind Deora for help in resolving the trading hours issue.
On Thursday morning, the brokers had a meeting with Mr Deora, the son of petroleum & natural gas minister Murli Deora. "In the meeting, Milind Deora assured his support to the broking community and other stakeholders and emphasised the need for both the exchanges to consult their brokers and come to a mutually acceptable solution. Mr Deora also assured the brokers that he would do everything to represent their case to the concerned authorities," BSE Brokers Forum said in a release.
Reflecting the intense rivalry between the BSE and the NSE, both exchanges, earlier this month, had said that trading would start at 9am from 4th January, nearly one hour before the current opening time, inviting protests from brokers and investors.
Earlier on Wednesday, stockbrokers asked both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) to maintain the status quo in their trading hours, until adequate infrastructure was in place.
In October, market regulator Securities and Exchange Board of India (SEBI) allowed bourses to set their trading hours between 9am and 5pm on condition that appropriate risk management systems and infrastructure are put in place.
User