Indian Stocks Drop After Airwave Sale Shortfall

Indian stocks dropped for a fifth day, with the benchmark index completing its longest losing streak in six months, after the government failed to meet a fundraising target in a sale of mobile-phone airwaves.

Searching the Bond Market For Clues on Rates
11:13 - Sovereign bonds surged, sending the Japanese benchmark 10-year yield below zero for the first time, as investors seeking the safest assets gorged on government debt. Treasury yields dropped to a one-year low in the rush to refuge from a worldwide stock rout. Traders pared the odds the Federal Reserve will raise interest rates this year to 30 percent, before Chair Janet Yellen begins her two-day testimony to Congress on Wednesday. BNP Paribas Senior Investment Strategist Daniel Morris. joined “On the Move” host Jonathan Ferro to discuss.
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