Rising US rates: A risk for equities?

US nominal yields have risen quite sharply recently, giving rise to comparisons with the 2013 'taper tantrum'. Also adding to this state of anxiety is that the USD has stopped its one way fall. The US nominal 10-year treasury yield is back above 1 percent and the question arises as to what is the risk to equities from higher interest rates? CNBC-TV18’s Prashant Nair puts things into context.