Rising US bond yields pressure Indian equities and FPIs
pre-market1 source ↓machine-written, see hownot a recommendation
- in September
- $1.23 billion
- over the past
- $26.7 billion
The surge in US bond yields is pressuring Indian equities, with foreign portfolio investors (FPIs) withdrawing $1.23 billion in September and $26.7 billion over the past year. The negative spread between the Sensex's earnings yield and the US 10-year Treasury yield has reached its lowest in 14 months, diminishing the attractiveness of Indian stocks. Higher US yields are also strengthening the dollar and weakening the rupee, further impacting investor sentiment.
Not investment advice. For informational purposes only.