Bond Market Tremor: 10-Year G-Sec Climbs to 6.5988% Amid Chaos!

Yield Dynamics

Benchmark yields firmed as foreign inflows paused and dollar strength weighed on emerging markets. Trading volume steady; 7.18% 2033 paper leads action.

Key Highlights

Current Yield: 6.5988% (+0.0057% or 5.7 bps vs prior close).

Triggers: INR at 90.7875 all-time low; Nifty futures -0.37%; US 10Y at 4.45%.

Market Context: Pre-open Bank Nifty -0.21%; RBI holds rates amid inflation watch.

Outlook: Resistance at 6.62%; support 6.55%—watch forex reserves.

Sources: Reuters, Moneycontrol