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Jefferies says US 10-year yield could be suppressed between 5% and 6%
Chris Wood links a potential suppression of the US 10-year Treasury yield to a possible trigger for renewed strength in India’s stock market.
Chris Wood, head of equity research at Jefferies, told LiveMint that manipulation in the US bond market could begin at some point between 5% and 6% on the 10-year US Treasury yield.
Wood said the trigger for a fresh bull trend in India’s stock market would likely be suppression or manipulation of US bond yields rather than a direct “fix,” comparing it to the Japanese government’s approach in 2016.
He added that the US 10-year yield may be actively suppressed, or possibly fixed, in that 5% to 6% range, and suggested this could serve as the key condition for a shift in market momentum.