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Read more: Prashant Jain’s 3P India among anchors as Hero Motors raises Rs 300 crore ahead of IPO Yields of 10-year benchmark bond rose 7 bps to 7.07%, and the five-year bond by 17 bps to 6.79%, as per CCIL data. Global bond yields hardened, too, and the 10-year US Treasury moved above 5.02% on Tuesday, hitting its highest level since 2007, as per Reuters. Pressure on yields is likely to continue heading into the US Fed's Federal Open Market Committee set on Wednesday, where Chair Kevin Warsh could hike rates. "The last high was 7.14% for the 10-year, which will be a resistance point. If the yield goes above that, then a 7.20%-7.25% is possible. Triggers for this, apart from a Fed hike, can be another OMO sale or a large state government bond supply," said Rajeev Pawar, head of treasury at Ujjivan Small Finance Bank. In a recent turn of events, foreign portfolio investors pulled out over Rs 5,109 crore from Indian government securities. This significant withdrawal was driven by global uncertainties and a declining rupee, alongside soaring crude oil prices and increasing US Treasury yields. Such conditions rendered Indian sovereign debt less appealing, prompting capital flight from emerging markets, notably India. Read more: Sebi plans shorter disaster recovery drills, stronger backup rules for exchanges (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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