Market move▼ Bearish for Indian equities
Banks set to book treasury losses in Q2FY27 as bond yields harden sharply
The brief
- The 10-year government bond yield rose 42 basis points during the quarter
- The five-year yield rose 43 basis points to 6.85%
- Higher yields may weigh on bank earnings through treasury losses
- Rate cut cycle near turning point. What lies ahead for Indian bonds?
- RBI seen raising repo rate 25 bps in October, with further FY27 hikes possible
- 10-year bond yield breaches 7.20%; hits 2.5-year high
- Global bond rout hoists benchmark Indian yield to mid-2024 high before RBI policy
- Bond yields rise, raising the hurdle for Indian equities