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See an adequate demand on the bond yields at current levels, says HSBC

Updated : April 26, 2018 11:33:41 IST

Manish wadhawan of HSBC India says he sees an adequate demand  on the bond yields at current levels.

The spike to a four-year peak above 3 percent in the 10-year US Treasury yield this week - a benchmark for global borrowing costs - had weighed on stocks.

JPMorgan's Jahangir Aziz said the US bond prices will reach a more stable equilibrium in the economy's bond market.

The 3% spike in the US 10-year treasury yields, after four years, is causing an uptick in the Indian bond market as well.

India’s 10-year bonds slumped as yield closed at 7.74% on Wednesday, after jumping as much as 61 basis points since April 5, 2018.

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