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Market move▼ Bearish for Indian equities
Global bond yields hit multi-decade highs as oil, inflation and debt worries mount: Report
The brief
- The 10-year US Treasury yield touched 5.34%, its highest level since 2002
- Higher global borrowing costs can weigh on Indian rate-sensitive sectors and equity valuations
- Why are world bond markets selling off again?
- UK Long-Term Borrowing Costs Hit 6% For First Time Since 1998
- France’s bond market is stumbling. Should Americans care?
- These charts show how volatile the last quarter was for stocks and bonds
- Global Market: Eurozone bonds face pressure as energy shock fuels rate hike bets
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 yields hit multi-decade highs as oil, inflation and debt worries mount: Report