Rising crude oil and U.S. bond yields haven't diminished Mark Matthew's love for Indian equities. “The country has more positives than negatives,” the head of research (Asia) at the Swiss-based wealth manager Bank Julius Baer told BloombergQuint.
No Risks From U.S. Bond Yields, Crude
Yields on the benchmark 10-year note are once again bumping up against the psychologically important 3 percent level. WTI crude oil is trading at $68 per barrel after breaching the $70-mark last week.
But Matthew isn't worried about their impact on Asian markets. “U.S. yields have been twice as high on average,” he said, adding that investors will get used to it being at the 3 percent level. Crude on the other hand, he said, will flatten around the current levels.
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