businessfortnight

US yields have soared to the highest levels in nearly 3 years as investors bet on an accelerating economy and inflation. German 5-year bunds broke above zero for the first time since December 2015. Back home, yields rose to a 2 year high after the Economic Survey hinted at “a pause in general government fiscal consolidation”. In an interview with CNBC-TV18, Ananth Narayan, Market Expert shared his views and readings on the same. We have never had a situation where both bond market and equity markets rally at the same time for a long period of time. At some state, the correlation does break down. We cannot have runaway asset prices in the US with inflation staying low and interest rates staying low forever. I suspect it will be a bit of both, bond sell-off and a stop in the US stock market action, he said. According to him, the global growth outlook has been robust compared to expectations and given this kind of underlying growth, it is very difficult for interest rates to remain low f

Most people have a really hard time understanding motor insurance terms and conditions. Most of it is written in highly legal jargon with the use of abbreviations that you just can’t figure out.   To add to that, there are so many policy papers that you have to get through, it can all be a bit overwhelming. However, if you arm yourself with the right vocabulary, it can all be a lot more manageable. As such, we’ve compiled a list of 5 motor insurance terms that you must familiarize yourself with.   Insured Declared Value (IDV) IDV is perhaps one of the most commonly used terms in vehicle insurance claims. IDV is the standing market value of your motor vehicle. Furthermore, it refers to the maximum sum that an insurer would pay for a vehicle insurance policy. As such, if your vehicle gets damaged or stolen, this is the maximum value you can claim for it. You should ideally seek an IDV that’s equal to or more than your car’s value so that you don’t end up with a lower compensation.   Z