Yields from Germany to Japan closed at all time lows last week on worries of economic growth. … Hedge fund managers and proprietary traders in banks based outside India use the OIS yield curve for positioning in Indian interest rates and the falling numbers suggest that their outlook on Indian rates is positive. Global fund manager views on rates are largely determined by both global and domestic factors. Understanding TJX's Fair Valuation (SeekingAlpha) In the past year, TJX Companies (TJX) (which includes T.J Maxx, HomeGoods, and Marshalls) defied macro trends and grew at a remarkably stable pace. The stock now trades at $43.88, which marks a 58% increase since July 2011. As the stock pushed higher, hedge funds became enamored with TJX and now hold a significant portion of the stock. We saw the hedge fund groupthink as a potential reason to short TJX.