Safe haven used to be US treasury and dollar, now it's gold; this is worrying: S Naren

The US Treasury is considered to be the world's topmost risk-free asset. So, when the US Treasury yields started to go up, it rang alarm bells around the entire world. There is a lot of refinancing of the debt, which is due in the next one year by governments and corporates across the world. It's as though the global central banks are tightening; it has that kind of an impact. We would like to see US Treasury yields correct, particularly when equity markets correct.