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Market move▼ Bearish for Indian equities
Ten-year bond yield hits 7.19%, highest in two years
The brief
- The 10-year benchmark government bond yield rose to **7.19%**, its highest since April 2024
- Higher yields can weigh on bond portfolios and funding costs for Indian banks
- Bond yields rise, rupee weakens as oil prices climb
- 10-year benchmark yield spikes 7 bps to 7.19%
- Selloff in U.S., European Government Bonds Deepens
- Sagarmala Finance withdraws ₹600 crore blue bond issue on higher coupon
- G-Sec yields surge to 2.5-year high on crude spike; rupee nears 96/$
Rising global yields pressure Indian bonds and stocks
Rising US Treasury yields, inflation risks and higher oil prices have weighed on global markets and raised concerns about India’s capital inflows and investor confidence. India’s 10-year government bond yield climbed to a more-than-two-year high amid global pressure and supply concerns.
Tuesday, 29 September
- Ten-year bond yield hits 7.19%, highest in two years