INSUBCONTINENT EXCLUSIVE:
since the depths of the financial crisis
across much of the world.
This year is on track to deliver the lowest share of positive returns adjusted for inflation across 17 major asset
classes since 2008, according to Morgan Stanley.
Real yields are on the verge of breaking into a higher post-crisis range, threatening more
Longer term inflation-protected Treasury yields hit their highest since 2011 on Tuesday
regime, characterized by subdued inflation, a synchronised global upswing and a clamor for yield that pushed emerging-market assets
higher.
Rising short-term rates adjusted for inflation are now allowing portfolio managers to satisfy their craving for yield lower down the
provides solace for bulls
Resilient risk appetites, a still-low effective cost of capital and stellar earnings have powered American assets across the board.
And the
beaten-up emerging market complex has defied the rise in the discount rate, with bargain-chasing real money investors shifting back into
debt products and bearish voices in retreat
A Bloomberg currency index that tracks developing-market returns from carry trades is up nearly 2% this month on the heels of its worst
