Banking service chronicle published this article page no 5 historically global bond yields including indias tend to rise when us yields increase albeit to varying degrees. indias 10-year yield rose by 162 basis points from 5.76% in july 2020 while us yields jumped by 400 bps to 5.02%.the rising bond yields signal a costlier funding environment leading to increased borrowing costs for the government. this in turn exerts upward pressure on interest rates throughout the banking system Banking service chronicle magazine subscription.
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