US Yield Curve

A jump in US Treasury yields, pressure on the rupee and RBI's latest liquidity move have again brought focus back on India's 10-year bond yield and why markets track gap so closely

Ten-year yields rose 11 basis points to 4.39 per cent, extending their rise since hostilities began to 44 basis points

Russia's attack, if confirmed, came after Ukraine fired US and British missiles at targets inside Russia this week despite warnings by Moscow it would view such action as a major escalation

The Fed cut interest rate by 25 basis points on Thursday, as widely expected, amid a cooling labour market, while noting that economic growth remained solid

The rupee closed marginally higher at 83.4225 on Friday. It logged a slight weekly loss compared to most Asian currencies, which rose week-on-week

Yellen visit moves the needle

Market participants said that the 7.12 per cent yield on the benchmark bond faces technical resistance and it might sustain as long as US yields do not surge further

The benchmark US 10-year Treasury yield remained high on Tuesday, though it was short of the 5 per cent level

"Other majors have been more stable, even as yields continue to move higher. Maybe there is some caution ahead of Powell later in the day"

The government bond yield curve has remained flat for the past few weeks, with the four- and five-year yields at around 7.25% and the 10-year benchmark bond yield at 7.23%

Euro zone bond yields also held near multi-year highs as the narrative that central banks will keep rates higher for longer held sway

Stocks to watch on August 22, 2023: As per reports, about 30 per cent equity worth Rs 541.5 crore will change hands via a block deal in SJS Enterprises today

The rupee could continue to see near-term volatility

The benchmark Indian 10-year government bond yield ended at 7.4161% after closing at 7.4117% on Thursday

Fund raise drops by 93.3% year-on-year to $210 mn in the quarter

Investors bracing for another jumbo Federal Reserve rate hike are focused on a few key trades: betting on deeper inversion in the US yield curve, further losses in stocks and a stronger dollar

As investors and the bond market brace for a sharp hike in policy rate by central banks to fight inflation, the yield curve has inverted in the US

Hints at possibility of recession or a big decline in economic growth

The dollar rose to a two-week high versus the yen on Wednesday, lifted by higher Treasury yields as global inflation worries flared anew

On Thursday, the Bank of England is expected to raise rates for the fourth time in a row