The low volatility and almost unidirectional moves in equities and global bonds for some quarters witnessed sharp reversal last week. Global equities declined, bond yields spiked with the US benchmark 10-year moving quite close to the 2.90 mark. Stocks suffered their worst weekly decline in two years as investors appeared to worry about rising interest rates and elevated valuations. One has to wait and see the triggers that could drive yields lower as current levels are extremely attractive for investments. HUGE VOLATILITYResults of banks show yields are higher than the levels at Q3 endMore pain in store in the current quarter if a strong reversal doesn’t occurThe writer is a market expert

Source: dna February 12, 2018 00:11 UTC