Market move● Neutral for Indian equities
Goldman Sachs Co-CEO Warns On Bond Yields: Fiscal Deficit Reduction Vital For Market Stability
The brief
- Goldman Sachs flags fiscal deficits, rising bond yields and political uncertainty as market risks
- Fiscal-deficit and yield risks matter for Indian government bonds and rate-sensitive stocks
- ICRA sees state borrowing at ₹4.8-5.4 trillion in fourth quarter of FY27
- State borrowing to rise 26% to ₹3.6 tn in Q3 under new issuance strategy: ICRA
- Global bond markets sell off as inflation fears and government debt pressure mount
- US 10-year Treasury yield reaches 5.34%, highest since 2002
- Centre's fiscal deficit touches 41.9% of full-year target at Aug-end: CGA