Banks face significant treasury losses as the 10-year yield surged past 7%. This unexpected jump impacted rupee and bond markets. Traders are cautious, adjusting to a new reality of prolonged conflict and potential inflation. The market now anticipates further yield increases with upcoming government security auctions. Banks are preparing for supply in the next financial year.
Trump announces a deal for Hamas to disarm in Gaza, but many hurdles and uncertainty remain
US President Donald Trump announced a deal for Hamas disarmament and Israeli withdrawal from Gaza. This agreement involves carefully structured phases for winding down the