Yield nerves
In a bid to clean up election funding, the government had in January introduced electoral bonds that can be bought from specified branches of State Bank of India and used to donate money to political parties. Photo: iStockphoto
1 min read
Share Via
Read Full Story
S&P Global Ratings on Wednesday warned that the Philippines and India are the most vulnerable to rising yields on US Treasury bonds, amid global fears that President Joe Biden’s $1.9 trillion stimulus will spark inflation and prompt the Federal Reserve to tighten money. This, some worry, will set off 2013-like capital outflows from emerging markets.