Good morning,
• U.S. 10-year bond yield hit 3 percent for the first time since early 2014, steadily driven higher by concerns over inflation, growing debt supply, and rising Fed borrowing costs. • Wall Street indices slid significantly overnight and have put pressure on Asian equities too at open today. Warnings of higher costs from leading U.S. companies bring fears that corporate earnings growth may peak soon also added to the slide. • Oil stable but below recent highs as rising U.S. inventories & production threaten bull-run. • The dollar was steady early today, just below a four-month high; but seen losing the pace due to the slide on Wall Street. • Indian Rupee is seen opening at 66.45 a Dollar and expected to trade further weaker if drops below 66.50.
• U.S. 10-year bond yield hit 3 percent for the first time since early 2014, steadily driven higher by concerns over inflation, growing debt supply, and rising Fed borrowing costs. • Wall Street indices slid significantly overnight and have put pressure on Asian equities too at open today. Warnings of higher costs from leading U.S. companies bring fears that corporate earnings growth may peak soon also added to the slide. • Oil stable but below recent highs as rising U.S. inventories & production threaten bull-run. • The dollar was steady early today, just below a four-month high; but seen losing the pace due to the slide on Wall Street. • Indian Rupee is seen opening at 66.45 a Dollar and expected to trade further weaker if drops below 66.50.
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