Anxious moments ahead -Rising Bond yields will push up financing costs – and can increase solvency risks for leveraged entities.[1] Japan 3% -highest since 1996 [2] UK 6% – multi decade high [3] India – 10 Year paper touching 7% – [4] FED might be required to raise rates if inflation does not crawl back to mandated 2% -and this will be a bad news for emerging markets [5] For India — only durable answer is–become competitive –to attract FDI and portfolio investment– Courtesy BS