Be ready for roller coaster ride in interest rate markets: Uday Kotak

Uday Kotak has warned of volatility in interest rate markets, saying, "Be ready for a roller coaster ride." Japan's 10-year bond yield crossed 3% for the first time since 1996, while the US 10-year Treasury yield neared 4.8%. "As their government debt and deficits go up, central banks may've no option but to expand balance sheets (print money)," Kotak said.