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Market move▼ Bearish for Indian equities
US Treasury yields hit highest since 2002 as global bond sell-off deepens
The brief
- US Treasury yields reached their highest level since 2002
- Rising energy costs, persistent inflation and stronger growth expectations are driving the bond-market reassessment
- Higher global yields can pressure Indian equities and raise borrowing costs for rate-sensitive sectors
- Bond markets functioning in orderly manner, IMF says
- Risk aversion spreads across assets as bond yields hit a two-year high
- Global bond yields hit multi-decade highs: What is driving the rise?
- Why are world bond markets selling off again?
- UK Long-Term Borrowing Costs Hit 6% For First Time Since 1998
Global bond sell-off and rising Treasury yields
Rising US Treasury yields and inflation risks weighed on markets, with the US 10-year yield reaching 5.34%, its highest level since 2002. The global bond rout also pushed Indian yields higher and pressured equities and the rupee; rising energy costs, inflation and debt concerns contributed to the sell-off.
Thursday, 1 October
- US Treasury yields hit highest since 2002 as global bond sell-off deepens