The yield spread between Sensex earnings and the US 10-year G-Sec is the narrowest it has been in 12 years
Stock Markets | Bonds | bond yields
Krishna Kant |
Last updated on September 26, 2022 06:05 IST
At Friday’s close, the Sensex had an earnings yield of 4.5 percent versus the 10-year Treasury yield of about 3.69 percent
Recent developments in global equity and bond markets point to significant downside risk for the equity market. The US equity benchmark Dow Jones Industrial Average is on the verge of giving up all post-Covid gains and the financial incentive for foreign investors to own Indian equity investments is at its lowest since the 2008 global financial crisis.
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Initial publication: Mon 26 Sep 2022. 06:05 IST