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Market move▼ Bearish for Indian equities
India bonds pummelled after Treasury rout, traders raise rate hike bets
The brief
- The benchmark 6.94% 2036 bond yield rose after US Treasury yields and oil prices increased
- Higher yields can weigh on Indian banks, bondholders and rate-sensitive stocks
- India's key-tenor bonds may see relief after October-March supply cut
- Changing trends of retail participation in G-Secs
- Senior citizen wrongly paid tax on tax-free bonds: What the ₹9.91 lakh ITAT case means
- Give blood, buy bonds: Countries get creative in hunt for cash
- RBI Deputy Governor Poonam Gupta says Indian bonds have outperformed while equities lag
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
- India bonds pummelled after Treasury rout, traders raise rate hike bets