Lakshmi Iyer, chief investment officer at Kotak Mahindra Asset Management Ltd, tweeted concern about the 10-year yield touching 8% to the tune of a popular song from the 1998 movie Ghulam. Mumbai: As India’s sovereign bond yield surged, one fund manager went Bollywood to tell central bankers why intervention is needed now. Lakshmi Iyer, chief investment officer at Kotak Mahindra Asset Management Ltd, tweeted concern about the 10-year yield touching 8% to the tune of a popular song from the 1998 movie Ghulam. Ae Kya bolti tuAe Yields are risingSunSunaAyega OMO kya ? Kya, Hoga, OMO ka faaydaArey system ko liquidity milega, yield ko support milega, market sentiment improve hoga Aur Kya !!!!

Source: Mint September 05, 2018 05:26 UTC