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Market move▼ Bearish for Indian equities
10-year bond yield breaches 7.20%; hits 2.5-year high
The brief
- India's 10-year benchmark bond yield reached 7.21%, a 2.5-year high
- Higher yields pressure bond valuations and borrowing costs for Indian banks and rate-sensitive companies
- Geopolitics, crude, and global yields may push 10-year G-sec yield beyond 7.25%: DSP MF’s Sandeep Yadav
- Risk aversion spreads across assets as bond yields hit a two-year high
- 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
Global bond sell-off and rising Treasury yields
US Treasury yields surged amid inflation, oil-price and government-borrowing concerns, with the 10-year yield reaching 5.34%, its highest since 2002. The sell-off also pressured Indian markets, pushing the benchmark 10-year government bond yield to a 2.5-year high.
Friday, 2 October
- 10-year bond yield breaches 7.20%; hits 2.5-year high