{
  "id": 5011166,
  "title": "Uday Kotak warns of 'roller coaster' ride in mkts",
  "url": "https://urgent.news/2026/09/02/uday-kotak-warns-of-roller-coaster-ride-in-mkts",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-02T03:36:11.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/news/economy/indicators/uday-kotak-warns-of-roller-coaster-ride-in-interest-rate-markets/articleshow/133696051.cms"
  },
  "original_language": "en",
  "account": "Veteran banker Uday Kotak has cautioned that global interest rate markets could experience a \"roller coaster\" ride amid rising government debt and fiscal deficits worldwide. Japan's 10-year bond yield recently crossed the 3% mark for the first time since 1996, while the US 10-year yield approached 4.8%, triggering concerns over higher inflation and interest rates. Kotak advised investors to prepare for increased volatility in global interest-rate markets, as central banks may have to expand their balance sheets to address the growing debt and deficits.\n\nThe surge in global bond yields, led by Japan, may keep Indian markets under pressure as investors anticipate tighter global liquidity, higher crude prices, and fresh inflation risks. Analysts note that Japan has been a significant pool of savings for years, attracting Japanese money into overseas bonds and global assets. When Japanese yields rise sharply, this trend may change, potentially leading to higher global bond yields and less demand for foreign assets from Indian investors.\n\nWhile some experts view Japan's rising yields as a normalization of the market, others believe it signals a more significant shift. The selloff in global bond markets appears to be driven by less incremental demand from Japan, one of the largest pools of savings worldwide. As Japan gradually ceases to be the marginal buyer of foreign bonds, global investors demand higher returns to hold risk assets, which could negatively impact foreign flows into Indian equities and bonds and put pressure on the rupee.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}