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Market move● Neutral for Indian equities
US government debt rout triggers ‘vicious loop’ of selling
The brief
- Ten-year Treasury yields rose half a percentage point, their biggest monthly jump in four years
- Trump cancels nearly $1bn in US spending using rare ‘pocket rescission’ power: What is it?
- Trump seeks to withhold $800 million in Congress-approved funds
- Indian 10-year bond yield hits a four-month high ahead of ₹34,000 crore auction
- US long-term borrowing costs touch highest level since 2004