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From Domainfax:
Credit Suisse’s equity strategist Hasan Tevfik reckons when the “bondcano” is erupting, Qantas, Rio Tinto, Caltex and Macquarie are the stocks which have the least sensitivity.
The next 50 basis points of rising real yields will be the toughest to stomach for Australian equities given valuations are high.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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