Broker call▼ Bearish for Indian equities
Ed Yardeni says US economy can sustain higher yields; sees 6% 10-year as tipping point
The brief
- Ed Yardeni sees 6% on the US 10-year yield as a tipping point
- He says higher US rates pose risks to emerging markets such as India
- Higher US yields could weigh on Indian equities by raising global borrowing costs
- Charting the Global Economy: US Employment Growth Moderates
- Weak US jobs report dims odds of an October Fed rate hike
- Labor market faltered in September as jobs increased by just 29,000, unemployment rate rose to 4.2%
- US adds 29,000 jobs in September, well below expectations
- US added 29,000 jobs in September as unemployment rose to 4.2%