US bond yields News
The outlook for the market next week will be guided by major domestic and global economic data, according to experts.
The economic factor is the rising US bond yields which reduces the prospects of rate cuts by the Fed this year.
The fundamental reason for this sustained FPI flows into debt is the inclusion of Indian bonds in the JP Morgan EM Bond Fund and the Bloomberg Bond Index
FPIs have been changing their strategy in response to the changes in the bond yields in the US.
Overall, the total FPI flows for 2023 stood at Rs 1.71 lakh crore in equities and Rs 68,663 crore in the debt markets.
Asian shares hit 15-month highs on Tuesday while the dollar and U.S. bond yields were on the back foot on the prospect of a less-hawkish Federal Reserve policy trajectory.
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