The yen carry trade gained focus as the yen appreciated sharply after the Bank of Japan raised interest rates and reduced bond purchases. This caused investors to unwind their positions to avoid losses, leading to a selloff in US tech stocks and affecting global markets, including Asia.
How Jefferies is reshuffling its portfolio as soaring bond yields give Nifty bulls sleepless nights
Jefferies is favouring largecaps as rising bond yields pressure Indian equities, citing relatively attractive valuations and a narrowing earnings gap with midcaps. The brokerage has
October 6, 2026