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Market move▼ Bearish for Indian equities
Treasury rout, oil spike bleed Indian bonds; 10-year yield jumps most in over 2 months
The brief
- India’s 10-year yield jumped the most in over 2 months
- US Treasury yields and escalating oil prices pushed Indian bond yields higher
- Rising yields can pressure Indian banks’ bond portfolios and raise borrowing costs
- Markets pricing an excessive 125bps rate hike over the next one year: Nomura
- Managing inflation risk
- Daily Voice: RBI stance shift likely in October, rate hike in December, says Valtrust's Rahul Bhutoria
- ETMarkets Smart Talk | Rate-cut cycle over, RBI may be at cusp of rate hikes; yields could inch higher: Puneet Pal
- Mumbai prime home prices are up 41% in five years, but 2026 growth is cooling
Rising US Treasury yields and market pressure
US Treasury yields climbed to multiyear highs, with the 30-year yield above 5.53% and the 10-year at a 19-year high. Reports cited sticky inflation, heavy bond issuance and rising oil prices, while warning of pressure on US and Indian stocks, valuations and capital inflows.
Thursday, 24 September
- Treasury rout, oil spike bleed Indian bonds; 10-year yield jumps most in over 2 months