AI earnings shield US stocks, but bond risks rise: Jefferies' Wood
- US equities have remained strong, supported by earnings growth from the AI capital expenditure cycle
- Rising bond yields and geopolitical risks are increasing risks
Topic
Bond yields▼ −16% net tone today
10-yr G-Sec (price) −0.16% vs Nifty −0.88% on Thu, 1 Oct- Spiking bond yields may test US stocks’ typical fourth-quarter strength alongside midterms and earnings
- Wall Street futures gained as yields and oil prices eased ahead of the jobs report
- High government debt and rising oil prices are adding fuel to the global bond-market selloff
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Nifty earnings lag GDP growth and weighing on equities, shows data
- Nifty and Sensex ended September lower despite GDP growth of 7.8 per cent
- Rising US Treasury yields and lagging earnings weighed on equities
- Weak earnings pressure Indian equities, while rising US yields can weigh on rate-sensitive stocks
US Stock Market Today: Nasdaq Jumps 1%, Dow Up 300 Points As Yields Retreat After Weak Jobs Data
- Nasdaq Composite advanced 1.24%
- S&P 500 surged 0.82%, while the Dow Jones Industrial Average rose 0.61%
Treasuries are losing their moneyness
- The report argues US Treasuries may be losing their long-standing role as both securities and money
Market crash wipes out Rs 26 lakh cr in 8 weeks! Why soaring bond yields may hurt Sensex, Nifty more than elevated oil prices
- Sensex and Nifty have fallen for eight straight weeks, wiping out more than Rs 26 lakh crore in market capitalisation
- Rising yields and oil pressure Indian equities, with exposure across rate- and fuel-sensitive sectors
The secret signs the bond sell-off might be ending
- An options bet involving the utility sector could signal a peak in bond yields
- A shift in global yields can affect Indian bond yields and rate-sensitive stocks
High Government Debt Is Adding Fuel to the Global Bond-Market Selloff
- Oil prices are pushing rates higher, while high government debt adds risk to the global bond selloff
- Higher global yields may pressure Indian government bonds and rate-sensitive stocks
Rupee near 97: Rupee faces multi-front pressure; SBI Research calls for immediate protective measures
The rupee is facing multi-front pressure from FPI outflows, stronger dollar demand and a sharp rise in global bond yields, with the currency nearing the 97-per-dollar mark. SBI Research said the RBI’s ability to intervene meaningfully and thwart speculative forces will be a key test as pressure on the currency intensifies.
Asian shares fall as US jobs data looms after Treasury yield hits 24-year high
- Asian shares fell ahead of US jobs data, with Treasury yields swinging and the dollar gaining
- Oil prices stayed elevated amid a widening military buildup
- Higher yields and elevated crude may pressure Indian equities and raise costs for oil-sensitive sectors