US 10Y Yield

Current Assessment

Rising US 10Y yields raise the discount rate applied to future earnings, compressing valuations globally and making US treasuries a more attractive alternative to EM equities — pressuring FII flows into India. Falling yields ease that pressure and support risk assets, especially long-duration growth names.

Watch level: Above 4.5% turns broadly restrictive for EM risk appetite.

About This Indicator

The yield on the benchmark 10-year US government bond. It is the world's risk-free rate and the discount rate used, directly or indirectly, to value every other financial asset on the planet, including Indian equities.

Sector Impact