The one number every investor must track is the US 10-year yield: Anand Vardarajan

If there is one number to watch, it is the US 10-year Treasury yield, says Anand Vardarajan, CEO & MD, Tata Asset Management, at the ET Alpha Wealth Summit. The risk-free rate has risen 70 basis points in a month, pulling money towards it and pushing yields up everywhere. Higher rates act like gravity on equities, forcing valuations to reset