US Treasury yield climbs to its highest levels since the 2008 financial Crisis

U.S. markets declined for a third session as Treasury yields surged to multi‑year highs, pressuring equity valuations amid persistent inflation concerns. Elevated oil prices and geopolitical tensions reinforced expectations of prolonged tight monetary policy.

Tech sentiment remained cautious ahead of key earnings, while Asia tracked global weakness. The rupee hit another record low before stabilizing, weighed down by strong dollar demand and inflation concerns.

Nifty ended marginally lower and remains range‑bound, with resistance near 23,800 and support between 23,262-23,317, while weak global cues point to a negative start for Indian markets.

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