10-year bond yield rises sharply amid inflation concerns
after close1 source ↓written by the desknot a recommendation
- closing
- 6.83%
- due to rising
- 10 basis points
- before easing slightly
- 6.88%
Indian bond yields surged, marking their steepest one-day jump since October 2023, closing at 6.83%. The yield increased by 10 basis points due to rising crude oil prices and fears of inflation, raising expectations for policy rate hikes by global central banks. Yields peaked at 6.88% before easing slightly after diplomatic developments with Iran.
Not investment advice. For informational purposes only.