“If this observation holds true, sooner than later, a downswing should unfold, with eventual targets present below 17,166 level, though confirmations are awaited in this regard. Nevertheless, to regain the upper hand, the bulls initially need a close above 17,992 levels and ultimately beyond 18,114 levels to decisively catapult the medium-term trend in their favour,” he said.
Global bond yields surge to multi-year highs as inflation, borrowing concerns mount
Government bond yields globally rose to multi-decade highs recently due to sell-offs in sovereign debt. Investors demanded higher returns amid persistent inflation and uncertainty regarding