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Market move● Neutral for Indian equities
Surging Yields Bring the Bond Market Back to the Turn of the Century
The brief
- The 10-year Treasury yield climbed above 5.3%, a level not seen in 24 years
- Treasury Yields Hit Fresh Highs
- US dollar retreats after softer-than-expected inflation data
- US yields pull back as rate hike bets ease after inflation data
- US core PCE inflation undershoots estimates as Q2 GDP growth is revised to 2.2%
- US PCE inflation rises 0.3% in August as consumer spending surges