he aftermath of US bond yields going up by 5% in the US led to a major market crash in India as well. The yield on 10-year US treasury note rose above 5% on Monday, hitting the July 2007 milestone. The 10-year yield touched 5.004% on Monday, up around 8 bps on the day. It was briefly bid at a 16-year high of 5.001% on Thursday. It has risen 160 basis points since mid-May.
