This Chart Of Indian Borrowing Costs Will Make Your Eyes Bug Out

The big story today is the weakness in emerging markets, particularly Indonesia, Thailand, and India, which has been in a special category of pain this year.

One pain point for emerging markets has been the big whoosh of foreign money away from these markets. As the economy has improved in the US (and Europe) and interest rates have gone up, that’s lessened demand for emerging market assets, including government debt.

To see this in incredibly stark form, one needs only look at the yield on Indian 10-year bonds.

Check out the surge in yields since the spring.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at