ркЕрк╣ીં ркПркХ ркорк╣ркд્рк╡ркиી рк╡ાркд рккрк╣ેрк▓ાં рк╕્рккрк╖્ркЯ ркХрк░ું: Bond Yield ркоાркЯે рк╡િрк╢્рк╡ркиા ркжрк░ેркХ ркжેрк╢ркиો ркПркХрк╕рк░ркЦો “10-year benchmark” ркЙрккрк▓ркм્ркз ркиркеી ркЕркиે ркжрк░ેркХ ркжેрк╢ркиા ркбેркЯાркиી ркдાрк░ીркЦ рккркг ркПркХрк╕рк░ркЦી ркиркеી. ркдેркеી рк╕ૌркеી ркпોркЧ્ркп рк╕рк░ркЦાркоркгી ркоાркЯે рк╣ું ркоુркЦ્ркпркд્рк╡ે 10-Year Government Bond Yield рк▓ркИ рк░рк╣્ркпો ркЫું ркЕркиે ркдાркЬેркдрк░ркиા ркЙрккрк▓ркм્ркз ркбેркЯા рк╕ાркеે рк▓ાંркмા ркЧાрк│ાркиો ркЯ્рк░ેрки્ркб рк╕ркоркЬાрк╡ી рк░рк╣્ркпો ркЫું.
ЁЯМН рк╣ાрк▓ Global Bond Yield ркоાં рк╢ું ркеркИ рк░рк╣્ркпું ркЫે?
рк╕ркк્ркЯેрко્ркмрк░ 2026ркиી рк╢рк░ૂркЖркдркоાં рк╡િрк╢્рк╡ркиા ркШркгા ркоોркЯા bond marketsркоાં yield рклрк░ી ркКંркЪા рк╕્ркдрк░ે ркЧркпા ркЫે. ркоુркЦ્ркп ркХાрк░ркгો ркЫે:
Inflation рклрк░ી рк╡ркзрк╡ાркиી ркЪિંркдા
Crude Oil/energy pricesркоાં рк╡ркзાрк░ો
Government borrowing ркЕркиે fiscal deficit
Central banks ркж્рк╡ાрк░ા interest-rate cuts ркоોркбા ркерк╡ાркиી рк╢ркХ્ркпркдા
рк▓ાંркмા ркЧાрк│ાркиા government debtркиી supply рк╡ркзાрк░ે ркерк╡ી
OECD рккркг ркХрк╣ે ркЫે ркХે 2022ркиા global inflation shock рккркЫી ркоોркЯાркнાркЧркиી Asian economiesркоાં sovereign bond yields ркиોંркзрккાркд્рк░ рк░ીркдે рк╡ркз્ркпા ркЫે.
ЁЯУК 10-Year Government Bond Yield — ркоુркЦ્ркп ркжેрк╢ો
ркжેрк╢ рк╣ાрк▓ ркЖрк╢рк░ે Yield ркдાркЬેркдрк░ркиો ркЯ્рк░ેрки્ркб рк▓ાંркмા ркЧાрк│ાркиી рк╕્ркеિркдિЁЯЗоЁЯЗ│ India ~6.97% ↑ 2021ркиી ~6.2% ркЖрк╕рккાрк╕ркеી ркКંркЪું
ЁЯЗ║ЁЯЗ╕ USA ~4.7–4.8% ↑/volatile 2021ркиી ~1.5% ркЖрк╕рккાрк╕ркеી ркШркгું ркКંркЪું
ЁЯЗмЁЯЗз UK ~5.25% ↑↑ 2008 рккркЫીркиા ркКંркЪા рк╕્ркдрк░ ркиркЬીркХ
ЁЯЗпЁЯЗ╡ Japan ~3.0% ↑↑ 1996 рккркЫીркиું рк╕ૌркеી ркКંркЪું рк╕્ркдрк░
ЁЯЗиЁЯЗ│ China ~1.7% ↓/low ркЕрки્ркп ркоોркЯા ркжેрк╢ોркеી рк╡િрккрк░ીркд рк▓ાંркмા ркЧાрк│ે ркиીркЪે
ЁЯЗ╣ЁЯЗ╝ Taiwan ~1.9% relatively stable US/India ркХрк░ркдાં ркШркгું ркУркЫું
ЁЯЗоЁЯЗй Indonesia ~7.0% elevated Emerging-market high yield
ЁЯЗ▓ЁЯЗ╛ Malaysia ~3.8% moderate relatively stable
ЁЯЗ╣ЁЯЗн Thailand ~2.1% moderate developed-market ркХрк░ркдાં ркКંркЪું, рккрк░ંркдુ Indonesia ркХрк░ркдાં ркУркЫું
Trading Economicsркиા ркЙрккрк▓ркм્ркз 2026 data ркоુркЬркм US ~4.65%, India ~6.87%, Japan ~2.89%, China ~1.70%, Taiwan ~1.88%, Thailand ~2.10%, Indonesia ~7.02% ркЕркиે Malaysia ~3.83% ркЖрк╕рккાрк╕ рк╣ркдા.
Indiaркоાં 3 September 2026ркиા 10-year yieldркиો close рк▓ркЧркнркЧ 6.965% рк╣ркдો, ркЬ્ркпાрк░ે 31 AugustркП 6.947% рк╣ркдો.
ЁЯЗоЁЯЗ│ ркнાрк░ркд — ркХેркЯрк▓ો рк╡ркзાрк░ો ркеркпો? India ркоાркЯે рк▓ાંркмા ркЧાрк│ાркиો FRED/OECD series ркЬોીркП ркдો:
2021 average: рк▓ркЧркнркЧ 6.2–6.4% 2022ркоાં yield ркЭркбрккркеી рк╡ркз્ркпો 2022 ркжрк░ркоિркпાрки 7% ркЙрккрк░ ркЧркпો 2023ркоાં ~7.1–7.4% 2024ркоાં ~6.8–7.1%2025ркоાં ~6.3–6.6% 2026ркоાં рклрк░ી ~6.8–7.0% FREDркиા quarterly/monthly dataркоાં India 10-year yield 2021ркоાં ркЖрк╢рк░ે 6.2–6.4% рк╣ркдી, 2022ркоાં 7.3%ркеી ркЙрккрк░ ркЧркИ ркЕркиે 2026ркиા Q1/Q2ркоાં рклрк░ી рк▓ркЧркнркЧ 6.8–7.0% рк╕ુркзી ркЖрк╡ી ркЫે.
ркЕрк░્ркеાркд્ 2021ркиી рк╕рк░ркЦાркоркгીркоાં ркЖркЬркиી yield ркЖрк╢рк░ે 50–70 basis points рк╡ркзાрк░ે ркЫે, рккрк░ંркдુ 2022ркиા peak ркХрк░ркдાં рк╣ркЬુ ркиીркЪે ркЫે.
ЁЯЗ║ЁЯЗ╕ America — рк╕ૌркеી ркорк╣ркд્рк╡рккૂрк░્ркг Bond Market US 10-year Treasury yield ркЖркЦા рк╡િрк╢્рк╡ркиા financial markets ркоાркЯે рк╕ૌркеી ркорк╣ркд્рк╡рккૂрк░્ркг benchmark ркЫે.
2026ркоાં ркдે ркЖрк╢рк░ે 4.7–4.8% рк╡િрк╕્ркдાрк░ркоાં ркЫે. FREDркиા data ркоુркЬркм 27 August 2026ркП 10-year Treasury yield 4.67% рк╣ркдી.
2021ркоાં US 10-year yield рк▓ркЧркнркЧ 1.5% ркЖрк╕рккાрк╕ рк╣ркдી.ркПркЯрк▓ે рк▓ркЧркнркЧ: 1.5% → 4.7%
ркЕрк░્ркеાркд્ ркЖрк╢рк░ે +3.2 percentage points / +320 bpsркиો structural рк╡ркзાрк░ો.
ркЖ ркмрк╣ુ ркоોркЯો рклેрк░рклાрк░ ркЫે.ркЕркиે ркдાркЬેркдрк░ркоાં US yieldркоાં рклрк░ી ркЙркЫાрк│ો ркЖрк╡્ркпો ркЫે. рк╕ркк્ркЯેрко્ркмрк░ 2026ркиી рк╢рк░ૂркЖркдркоાં 10-year yield 4.75% ркЖрк╕рккાрк╕ рккрк╣ોંркЪી рк╣ркдી.
ЁЯЗмЁЯЗз UK — ркЦૂркм ркЧંркнીрк░ рк╕્ркеિркдિ
UK 10-year gilt yield рк╕ркк્ркЯેрко્ркмрк░ 2026ркоાં рк▓ркЧркнркЧ 5.25–5.30% рк╕ુркзી рккрк╣ોંркЪી.
2 SeptemberркП yield 5.294% рк╕ુркзી ркЧркИ, ркЬે August 2007 рккркЫીркиું рк╕ૌркеી ркКંркЪું рк╕્ркдрк░ ркЫે.
ркЖркиો ркЕрк░્рке: UK Government ркоાркЯે borrowing cost рк╡ркзી рк░рк╣ી ркЫે.ркЕркиે Governmentркиા interest expenseркоાં рк╡ркзાрк░ો ркеાркп ркЫે → fiscal pressure рк╡ркзે ркЫે → tax/spending decisions рккрк░ ркжркмાркг ркЖрк╡ે ркЫે → economic growth рккрк░ ркЕрк╕рк░ ркеркИ рк╢ркХે.
ЁЯЗпЁЯЗ╡ Japan — рк╕ૌркеી ркоોркЯો structural change
Japanркиું 10-year bond yield 3% рк╕ુркзી рккрк╣ોંркЪી ркЧркпું ркЫે.ркЖ ркЦાрк╕ ркорк╣ркд્рк╡ркиું ркЫે ркХાрк░ркг ркХે Japanркоાં рк▓ાંркмા рк╕ркоркп рк╕ુркзી bond yields ркЕркд્ркпંркд ркиીркЪી рк░рк╣ી рк╣ркдી.
3% yield ркЫેрк▓્рк▓ે 1996ркоાં ркЬોрк╡ા ркорк│ી рк╣ркдી. OECDркиા monthly dataркоાં рккркг Japan yield 2025ркиા ~1.3–1.8% рк╡િрк╕્ркдાрк░ркоાંркеી 2026ркоાં 2%ркеી ркЙрккрк░ ркЬркдી ркЬોрк╡ા ркорк│ે ркЫે.
Japan ркХેрко ркорк╣ркд્рк╡ркиું?
ркЬાрккાркиркиા рк░ોркХાркгркХાрк░ો ркжુркиિркпાркнрк░ркоાં bonds/equitiesркоાં рк░ોркХાркг ркХрк░ે ркЫે.
ркЬો Japanркоાં рккોркдાркиા government bonds рккрк░ 3% ркорк│ે ркЕркиે currency risk рккркг ркШркЯે, ркдો ркХેркЯрк▓ાркХ Japanese investors ркоાркЯે foreign assets ркХрк░ркдાં domestic bonds рк╡ркзાрк░ે ркЖркХрк░્рк╖ркХ ркмркиી рк╢ркХે.
ркЖркеી: Japan yield ↑ → Japanese money рккાркЫું Japanркоાં → Global liquidity ↓ → US/India/other markets рккрк░ pressureркЖ risk ркЦાрк╕ ркз્ркпાркиркоાં рк░ાркЦрк╡ો.
ЁЯЗиЁЯЗ│ China — ркЕрк╣ીં ркХрк╣ાркиી ркЕрк▓ркЧ ркЫે
Chinaркоાં 10-year government bond yield ркЖрк╢рк░ે 1.7% ркЫે.
ркПркЯрк▓ે Chinaркоાં рк╣ાрк▓ркоાં India/US/UK/Japan ркЬેрк╡ી yield surge ркиркеી.
OECD ркоુркЬркм ркЫેрк▓્рк▓ા рккાંркЪ рк╡рк░્рк╖ркоાં Japanркиી long-term yields ркиોંркзрккાркд્рк░ рк░ીркдે рк╡ркзી ркЫે, ркЬ્ркпાрк░ે Chinaркоાં yields downward trendркоાં рк░рк╣ી ркЫે, ркХાрк░ркг ркХે inflationary pressures relatively ркУркЫી рк░рк╣ી ркЫે.
ркЖркеી China ркоાркЯે problem рк╡ркзુ: Low growth / weak demand / deflationary pressure
ркдрк░ркл ркЫે, ркЬ્ркпાрк░ે US/UK/Japanркоાં problem:
Inflation + borrowing cost + fiscal pressure
ркдрк░ркл рк╡ркзાрк░ે ркЫે.
ЁЯЗоЁЯЗй Indonesia
Indonesia 10-year yield рк▓ркЧркнркЧ 7% ркЖрк╕рккાрк╕ ркЫે.
2026 dataркоાં Indonesia ~7.0% рк╡િрк╕્ркдાрк░ ркмркдાрк╡ે ркЫે.
Emerging market рк╣ોрк╡ાркеી yield ркКંркЪી рк╣ોркп ркЫે ркХાрк░ркг ркХે investors рк╡ркзુ risk premium ркоાંркЧે ркЫે.
ркЬો US yield рккркг рк╡ркзે ркдો Indonesia ркЬેрк╡ા emerging marketsркиે рк╡ркзાрк░ે ркоુрк╢્ркХેрк▓ી ркеркИ рк╢ркХે:
US yield ↑ → Dollar attractive ↑ → Emerging-market capital outflow risk ↑
ЁЯЗ▓ЁЯЗ╛ Malaysia ркЕркиે ЁЯЗ╣ЁЯЗн Thailand
Malaysia ~3.8% ркЕркиે Thailand ~2.1% ркЖрк╕рккાрк╕ ркЫે.
ркЖ ркмંркиે marketsркоાં yield levels India/Indonesia ркХрк░ркдાં ркиીркЪા ркЫે.
рккрк░ંркдુ ркЬો US Treasury yield рк▓ાંркмા рк╕ркоркп рк╕ુркзી ркКંркЪી рк░рк╣ે ркдો:
local currency рккрк░ pressure
foreign capital flowsркоાં рклેрк░рклાрк░
local borrowing costs
equity valuation
рккрк░ ркЕрк╕рк░ ркеркИ рк╢ркХે.
ЁЯЪи рк╣рк╡ે рк╕ૌркеી ркорк╣ркд્рк╡ркиો ркк્рк░рк╢્рки:
Bond Yield рк╡ркзે ркдો Share Market рккрк░ рк╢ું ркЕрк╕рк░ ркеાркп?
рк╕рк░рк│ ркнાрк╖ાркоાં:
Bond Yield ↑
⬇️
Government bond рк╡ркзુ attractive
⬇️
Investors ркХрк╣ે: “Risk-free/low-risk return рк╣рк╡ે рк╡ркзાрк░ે ркЫે.”
⬇️
Equityркоાં ркЬોркЦрко рк▓ркИркиે ркорк│ркдો return ркПркЯрк▓ો attractive рк░рк╣ેркдો ркиркеી
⬇️
Stock valuation ↓ ркЖ ркЦાрк╕ ркХрк░ીркиે high P/E stocks ркоાркЯે ркорк╣ркд્рк╡ркиું ркЫે.
ЁЯУЙ India ркоાркЯે ркЕрк╕рк░
ркЬો US 10Y ркЕркиે India 10Y ркмંркиે yield рк╡ркзે:
1️⃣ FII sellingркиું ркЬોркЦрко ↑
Foreign investor рк╡િркЪાрк░ે:
> “US Treasuryркоાં ~4.7% ркорк│ે ркЫે, ркдો Indiaркиા expensive stocksркоાં рк╢ા ркоાркЯે рк╡ркзાрк░ે risk рк▓ркЙં?”
ркдેркеી FII equity selling рк╡ркзી рк╢ркХે.
2️⃣ Rupee рккрк░ pressure
US yields ↑
→ Dollar demand ↑
→ ₹ рккрк░ pressure
ркЬો: USD ↑ → INR ↓ ркдો India ркоાркЯે imported inflation рк╡ркзી рк╢ркХે.
Crude oil dollarркоાં ркЦрк░ીркжાркдું рк╣ોрк╡ાркеી India ркоાркЯે ркЦાрк╕ ркорк╣ркд્рк╡ркиું ркЫે.
3️⃣ RBI ркоાркЯે ркоુрк╢્ркХેрк▓ી
Bond yield ркЕркиે inflation ркмંркиે рк╡ркзે ркдો RBI ркоાркЯે:
Rate cut ркХрк░рк╡ું ркоુрк╢્ркХેрк▓ ркеркИ рк╢ркХે. ркЕркиે ркЬો market rate hikesркиી ркЕрккેркХ્рк╖ા ркХрк░рк╡ા рк▓ાркЧે ркдો:
Equity valuation рккрк░ pressure ркЖрк╡ી рк╢ркХે.
рк╣ાрк▓ India 10-year yield рк▓ркЧркнркЧ 7%ркиી ркиркЬીркХ ркЫે ркЕркиે marketркоાં rate-hike expectations рккркг ркжેркЦાркИ рк░рк╣ી ркЫે.
ЁЯПж ркХркпા Indian sectors рккрк░ рк╕ૌркеી рк╡ркзાрк░ે ркЕрк╕рк░?
ЁЯФ┤ Negative / High Risk
1. IT
High valuation stocks рккрк░ pressure
US economy slowdown ркеાркп ркдો ркмીркЬી ркЕрк╕рк░
2. NBFC
Funding cost рк╡ркзે
NIM/credit demand рккрк░ pressure
3. Realty
Home-loan rates ↑
Demand ↓
4. Auto
Financing cost ↑
Consumer demand рккрк░ pressure
5. Consumer discretionary
Loan/EMI cost рк╡ркзрк╡ાркеી spending ркШркЯી рк╢ркХે
6. High P/E growth stocks
Discount rate рк╡ркзрк╡ાркеી future profitsркиી present value ркШркЯે.
ЁЯЯв ркХркпા sectors relatively better рк░рк╣ી рк╢ркХે?
Yield рк╡ркзે ркПркЯрк▓ે ркЖркЦું stock market ркЬ ркШркЯે ркПрк╡ું ркиркеી.
Banks
ркЬો lending rates ркЭркбрккркеી рк╡ркзે ркЕркиે credit demand рк╕ાрк░ી рк░рк╣ે ркдો ркХેркЯрк▓ીркХ banksркиે benefit ркеркИ рк╢ркХે.
рккрк░ંркдુ deposit cost рккркг рк╡ркзે ркЫે, ркдેркеી ркжрк░ેркХ bank ркоાркЯે positive ркиркеી.
Insurance
Long-term bond yields рк╡ркзрк╡ાркеી investment incomeркоાં ркоркжркж ркорк│ી рк╢ркХે.
Energy / Oil-related companies
ркЬો yield increase рк╕ાркеે crude prices рккркг ркКંркЪા рк╣ોркп ркдો upstream energy companiesркиે ркЕрк▓ркЧ ркк્рк░ркХાрк░ркиો benefit ркорк│ી рк╢ркХે.
Value stocks
High-P/E growth stocksркиી рк╕рк░ркЦાркоркгીркоાં reasonable valuation ркзрк░ાрк╡ркдા stocks relatively resilient рк░рк╣ી рк╢ркХે.
ЁЯМО ркмીркЬા ркжેрк╢ોркиા Stock Markets рккрк░ ркЕрк╕рк░
ЁЯЗ║ЁЯЗ╕ USA
US 10Y ↑
→ Growth stocks рккрк░ pressure
→ Nasdaq ркоાркЯે ркЦાрк╕ negative
→ High P/E technology stocksркоાં valuation compression
рккрк░ંркдુ ркЬો yield рк╡ркзрк╡ાркиું ркХાрк░ркг strong economic growth рк╣ોркп ркдો stocks рк╕ંрккૂрк░્ркг рк░ીркдે bearish ркмркиркдા ркиркеી.
Yield ркХેрко рк╡ркзી рк░рк╣ી ркЫે ркдે рк╕ૌркеી ркорк╣ркд્рк╡ркиું ркЫે.
ЁЯЗпЁЯЗ╡ Japan
Japan yield ↑ → Banks/financial stocksркиે benefit ркеркИ рк╢ркХે
→ Highly leveraged companies ркоાркЯે negative
→ Yen strengthening ркеાркп ркдો exporters рккрк░ pressure
ЁЯЗмЁЯЗз UK
Yield ↑ → Government borrowing cost ↑
→ Consumer mortgage rates ↑
→ Economic growth рккрк░ pressure
→ FTSE ркоાркЯે mixed-to-negative
ркдાркЬેркдрк░ркиા UK yield spike ркжрк░ркоિркпાрки UK equity market рккрк░ рккркг pressure ркЬોрк╡ા ркорк│્ркпું.
ЁЯЗиЁЯЗ│ China
China yield low рк░рк╣ે → monetary conditions relatively accommodative.
ркПркЯрк▓ે Chinaркиી equity story US/Indiaркеી ркЕрк▓ркЧ рк░рк╣ી рк╢ркХે.
ЁЯФе рк╕ૌркеી ркоોркЯો Risk Scenario
ркоાрк░ા ркоркд ркоુркЬркм equity investorsркП ркЖ combination рк╕ૌркеી ркЧંркнીрк░ркдાркеી ркЬોрк╡ું ркЬોркИркП:
US 10Y > 5%
+India 10Y > 7%
+Crude Oil > $100
+ USD/INR ↑+Inflation ↑
ркЬો ркЖ рккાંркЪ рк╡рк╕્ркдુркУ ркПркХрк╕ાркеે ркеાркп ркдો:
ЁЯЪи Global Equity Risk ркЦૂркм рк╡ркзી рк╢ркХે.
ркХાрк░ркг: Inflation ↑ → Central Banks hawkish → Bond Yield ↑ → Liquidity ↓ → FII selling ↑ → Equity valuation ↓
ЁЯЯв рккрк░ંркдુ ркПркХ ркорк╣ркд્рк╡ркиી ркмાркмркд
Bond yield рк╡ркзે ркПркЯрк▓ે stock market рк╣ંркоેрк╢ા crash ркеાркп ркПрк╡ું ркиркеી.
ркЙркжાрк╣рк░ркг:
Scenario A — Good Yield Rise
GDP strong
Jobs strong
Corporate earnings strong
Inflation controlled
→ Yield ↑
→ Stocks ркеોркбા correct ркеાркп
→ рккркЫી earnings growth marketркиે support ркХрк░ી рк╢ркХે.
Scenario B — Bad Yield Rise
Inflation ↑
Crude ↑
Government debt ↑
Central bank rate hikes ↑
Currency weak
→ Yield ↑
→ Valuation ↓
→ FII selling ↑
→ Stock market ркоાркЯે ркЦркдрк░ркиાркХ combination.
рк╣ાрк▓ркиો global episode рк╡ркзુркиે рк╡ркзુ inflation + energy + fiscal concerns рк╕ાркеે ркЬોркбાркпેрк▓ો ркЫે. Reuters ркоુркЬркм Japan 10Y 3% рк╕ુркзી ркЕркиે ркЕрки્ркп developed-market yields рккркг multi-year highs ркдрк░ркл ркЧркпા рк╣ркдા.
ЁЯУМ 2026 ркоાркЯે ркоાрк░ી рк╕рк░рк│ Market Reading
Indicator рк╣ાрк▓ркиી рк╕્ркеિркдિ Indian Market ркоાркЯે
ЁЯЗ║ЁЯЗ╕ US 10Y ~4.7–4.8% ЁЯФ┤ Negative
ЁЯЗоЁЯЗ│ India 10Y ~6.97% ЁЯЯа Caution
ЁЯЗмЁЯЗз UK 10Y ~5.25% ЁЯФ┤ Global risk
ЁЯЗпЁЯЗ╡ Japan 10Y ~3.0% ЁЯФ┤ Important risk
ЁЯЗиЁЯЗ│ China 10Y ~1.7% ЁЯЯв Relatively easy
Crude Oil Elevated ЁЯФ┤ India risk
USD/INR ркЬો рк╡ркзે ЁЯФ┤ India risk
FII flows Yield-sensitive ⚠️ Watch
High P/E stocks Vulnerable ЁЯФ┤
Value/low P/E Relatively better ЁЯЯв
ЁЯОп Indian investor ркоાркЯે рк╕ૌркеી ркорк╣ркд્рк╡ркиા 5 indicators
ркжрк░рк░ોркЬ ркоાркд્рк░ ркЖ 5 рк╡рк╕્ркдુркУ ркЬોрк╡ી ркЦૂркм ркЙрккркпોркЧી рк░рк╣ેрк╢ે:
1. US 10-Year Bond Yield
2. India 10-Year G-Sec Yield
3. USD/INR
4. Brent Crude
5. FII/DII buying-selling
ркЬો: US 10Y ↑ + India 10Y ↑ + USD/INR ↑ + Crude ↑ + FII Selling ↑
ркдો рк╣ું ркдેркиે Indian equities ркоાркЯે HIGH-RISK combination ркЧркгું.
ркЕркиે ркЬો: US 10Y ↓ + India 10Y ↓ + USD/INR stable + Crude ↓ + FII Buying ↑
ркдો equity market ркоાркЯે environment ркШркгું рк╡ркзાрк░ે favourable ркмркиે.
ркЦાрк╕ ркиોંркз: 10-year yieldркиા ркжેрк╢-ркжેрк╢ркиા ркЖંркХркбા ркЕрк▓ркЧ ркдાрк░ીркЦે ркЙрккрк▓ркм્ркз рк╣ોрк╡ાркеી ркЙрккрк░ркиી tableркиે “same-minute snapshot” ркирк╣ીં рккрк░ંркдુ рк╕ркк્ркЯેрко્ркмрк░ 2026ркиી рк╢рк░ૂркЖркдркиું comparable market picture ркоાркирк╡ું. OECD рккોркдે long-term rateркиે рк╕ાркоાрки્ркп рк░ીркдે 10-year government bond rate ркдрк░ીркХે рк╡્ркпાркЦ્ркпાркпિркд ркХрк░ે ркЫે.
ркЬો ркдркоે ркЗркЪ્ркЫો ркдો рк╣ું рк╣рк╡ે ркЖ ркЬ ркбેркЯાркиું , ркЬેркоાં India, USA, UK, Japan, China, Taiwan, Indonesia, Malaysia, Thailand, Germany, France, Australia, South Korea, Singapore, Brazil ркЕркиે Canada — ркжрк░ેркХ ркоાркЯે ркХેркЯрк▓ા % рк╡ркз્ркпા/ркШркЯ્ркпા, ркХેркЯрк▓ા basis points ркмркжрк▓ાркпા ркЕркиે Indian Nifty/Sensex рккрк░ рк╕ંркнрк╡િркд ркЕрк╕рк░ рк╕ાркеે ркПркХ ркоોркЯી “2021 → 2022 → 2023 → 2024 → 2025 → 2026” рк╡рк░્рк╖рк╡ાрк░ 10-Year Bond Yield