US 10-year bond yields near 16-year high. How can it impact Indian stock market?
US bond yields rise due to uncertainty about future interest rates and a strong economy.
The US 10-year Treasury yields are near their 16-year high level boosted by the prospects of another rate hike. Federal Reserve Chairman Jerome Powell on Thursday said that more interest rate hikes may be required to bring inflation down to a 2 per cent target because of a tight labour market and resilient US economy.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started