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Market move▼ Bearish for Indian equities
US 30-year Treasury yield reaches highest level since 2002, topping 5.6%
The brief
- The 30-year yield crossed 5.61%, its highest level since 2002
- Inflation and surging oil prices are weighing on US government debt
- Higher global yields and oil prices can pressure Indian equities and rate-sensitive sectors
- Job openings are low and hiring is weak. Why the U.S. labor market won’t get better soon.
- US consumer confidence plunges, hits 12-year low
- US job market holds steady at 7.1 million openings, but hiring stays muted
- Consumer optimism slides sharply as fears escalate over rising prices and jobs
- It’s Taking Longer for Unemployed to Find a Job Even as US Economy Grows
Rising global bond yields pressure Indian markets
Surging US Treasury yields, inflation concerns and higher oil prices have weighed on global equities and Indian bonds. India’s 10-year government bond yield reached 7.19%, its highest since April 2024, while the Sensex earnings yield minus the US 10-year yield turned negative.
Tuesday, 29 September
- US 30-year Treasury yield reaches highest level since 2002, topping 5.6%