Laurence Balanco flags 5% downside risk for Nifty amid global yield surge

Global financial markets are experiencing a risk-off shift driven by rising sovereign bond yields, impacting equities and commodities. Market strategist Laurence Balanco notes that bond yields, not oil, are now the primary risk signal, tightening liquidity and pressuring risk assets. This trend is particularly evident in technology and semiconductors, with potential downside risks emerging as yield momentum continues.