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Market move▼ Bearish for Indian equities
US 30-year Treasury yield reaches its highest level since 2004 amid bond selloff
The brief
- Reports put the 30-year Treasury yield between 5.44% and 5.5%, a high since 2004
- The US 10-year yield climbed to 5.20%
- Higher US yields can pressure Indian bond yields and valuations, affecting banks 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 amid sticky inflation, heavy bond issuance and strong economic activity, with the 30-year yield topping 5.53% and the 10-year reaching a 19-year high. Reports warned of pressure on US stocks and investor confidence and capital inflows in India; the Sensex earnings yield minus the US 10-year yield turned negative, its lowest in 14 months.
Thursday, 24 September
- US 30-year Treasury yield reaches its highest level since 2004 amid bond selloff