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Market move▼ Bearish for Indian equities
Global bond rout hoists benchmark Indian yield to mid-2024 high before RBI policy
The brief
- Indian government bond yields rose as global yields climbed and inflation pressures heightened
- The benchmark 10-year yield reached a mid-2024 high ahead of the RBI policy
- Higher yields pressure government bond prices and borrowing costs for Indian banks and rate-sensitive companies
- India’s fund managers turn to fixed income as rate cycle shifts
- Auction of State Government Securities
- Rupee, bonds face pressure as US Treasury yields rise and crude tops $100
- Rate of Interest on Government of India Floating Rate Bond 2028
- Fixed income outlook: Why fund managers see opportunity in Indian bonds at current yields
Global bond sell-off and rising yields
Rising US Treasury yields and inflation concerns weighed on markets, while Indian bond yields were also influenced by oil prices and changing Fed rate-hike bets. The global sell-off pushed the US 10-year yield to a 24-year high and lifted India’s benchmark yield to its highest level since mid-2024, pressuring Indian equities, bonds and the rupee.
Thursday, 1 October
- Global bond rout hoists benchmark Indian yield to mid-2024 high before RBI policy