US Bond Yields Hit 19-Year High: Why India’s Rupee, Bonds, Stocks Can Feel The Heat
The US 10-year Treasury yield has crossed 5%, reaching its highest level since 2007, putting pressure on global markets as investors reassess the outlook for interest rates, inflation and government borrowing. The benchmark yield touched 5.03% on Tuesday, while Indian equities came under pressure, with the Nifty 50 falling 0.8% to 23,207.45 by 2:20 p.m….