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US bond selloff resumes as 10- and 30-year yields hit fresh 24-year highs
US Treasuries are facing significant selling pressure as yields hit new highs, fueled by ongoing inflation concerns. Higher oil prices have exacerbated worries about sustained inflation in the market. The 10-year and 30-year bond yields have soared to their highest levels in 24 years. Additionally, rising corporate borrowing is vying for investor capital, contributing to supply constraints. Amid these dynamics, the Treasury plans to auction $39 billion in 10-year notes.
Rupee slides to a five-month low of 96.7/$, yields rise
The currency opened at 96.4 against the dollar and weakened to 96.8 after RBI Governor Sanjay Malhotra indicated that easing was no longer under consideration amid a higher inflation outlook
Central banks’ gold purchases net positive in August as China leads the way
Beijing purchased 20 tonnes as net buying in August was 39 tonnes; year-to-date accumulation rises to 170 tonnes
From looms to listings: SME textile companies stitch their growth path through IPOs
Working capital needs, capacity expansion and a push towards value-added products drive many textile companies to the public markets
Titan shares fall 4% after Q2 update, Citi, CLSA, HSBC retain positive view
Titan Company’s consumer businesses registered growth of 25% y-o-y in Q2FY27; They added 78 stores on a net basis during the quarter, taking its combined retail network to 3,758 stores
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