The 10-year US Treasury yield has risen above 4.9% and is marching towards the crucial 5% level that it had last hit briefly in 2023. Yes Securities issued a contrarian bet, saying the rise in global yields increasingly reflects stronger nominal growth, a structurally higher equilibrium real rate and synchronised global monetary normalisation, rather than deteriorating economic fundamentals or an imminent fiscal crisis.
PMS Tracker: East Green, Atlas Integrated Finance, Hem Securities, 7 others deliver up to 14.7% returns in August
Equity PMS strategies posted strong gains during the month, led by East Green Advisors’ Quant Strategy, which emerged as the best performer with a 14.73%