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Low Bond Yields to Drive Equity Markets

Thursday, 9 Jun 2011 | 1:00 AM ET

The main driver for equity markets this year will be very low prevailing bond yields, Benjamin Pedley, head of investment strategy for North Asia at HSBC Private Bank, told CNBC. "I think these low bonds yields, versus equity market yields is going to be the catalyst a little bit later this year," he said.