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Market move● Neutral for Indian equities
US Market: Treasury bond purchases fall below $6 billion buyback cap
The brief
- Treasury bond purchases fell below the $6 billion buyback cap
- The expansion of the buyback program raised eyebrows, with fewer bonds acquired than anticipated
- US 10-year yield at 24-year high rattles Nifty, rupee and bond markets. Why is India hit hard?
- Long-Dated Treasury Yields Hit 24-Year Highs, French Spread Widens as Bond Selloff Ramps Up
- Stock Market Today: Global Bond Selloff Deepens
- US 10-year Treasury yield reaches highest level since 2002
- Dollar Hits 3-Month High on Prospect of Higher U.S. Rates