Economy
El Niño Weather Pattern Threatens Southeast Asian Bond Yields, Analysts Warn
Livemint6h
THE BRIEF
1
A resurgent El Niño weather pattern threatens to drive food inflation and push benchmark bond yields higher across Southeast Asia.
2
Economists warn that markets are potentially underpricing the inflationary risks and subsequent interest rate hikes in countries like the Philippines and Thailand.
3
The weather phenomenon compounds pressure from rising US Treasury rates and global oil prices.