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US yield surge keeps indices in the red; Sensex falls 656 points

Costlier oil also weighing on sentiment; analysts see no let-off in volatility

Markets
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Sundar Sethuraman Mumbai
The benchmark indices on Wednesday declined about 1 per cent for the second day in a row amid risk aversion triggered by the spike in the US bond yields, which investors see as a precursor to the end of the easy money regime.

The 10-year US Treasury yield inched towards 1.9 per cent overnight, with experts seeing it hit 2 per cent
by March.

The benchmark Sensex ended the session at 60,099, following a decline of 656 points or 1.04 per cent. The index has come off 1,210 points, or 1.93 per cent from its 2022 high of 61,309, recorded

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First Published: Jan 20 2022 | 12:12 AM IST

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