Borrowing costs move abruptly higher
- Morning Bid: A new neutral rate, much like a decades-old one
- AI hyperscalers are transforming debt
- Nomura expects RBI to raise rates by up to 50 bps by December
- HDFC Bank CEO's to-do list in coming weeks: Growth, Casa, investor trust
- High credit-deposit ratio does not signal funding vulnerability: RBI report
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.
Friday, 25 September
- Bond bombshell