US bond selloff resumes as 10- and 30-year yields hit fresh 24-year highs

Economic Times - Oct 7, 2026

US Treasuries are facing significant selling pressure as yields hit new highs, fueled by ongoing inflation concerns. Higher oil prices have exacerbated worries about sustained inflation in the market. The 10-year and 30-year bond yields have soared to their highest levels in 24 years. Additionally, rising corporate borrowing is vying for investor capital, contributing to supply constraints. Amid these dynamics, the Treasury plans to auction $39 billion in 10-year notes.

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CJI Surya Kant says SC will examine plea seeking recall of split verdict on poll panel law
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The Supreme Court will examine an application seeking recall of its September 23 split verdict on challenges to the 2023 law governing appointment of the Chief Election Commissioner and Election Commissioners. The plea concerns Justice Satish Chandra Sharma’s son appearing for the Election Commission before the Madhya Pradesh High Court.

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US Fed minutes signal another rate hike by year-end as inflation stays high
Oct 7, 2026
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According to the latest minutes from the US Federal Reserve, officials hint at a possible interest rate rise by year's end in response to ongoing inflation challenges. With inflation reaching a high of 7.2% in June 2022, fluctuations have continued amid worries over geopolitical events and escalating energy costs. The Fed faces the complex task of controlling inflation while ensuring stable employment within the economy.

Punjab CM Mann’s OSD Rajbir Ghuman skips CBI questioning, says CMO
Oct 7, 2026
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Punjab Chief Minister Bhagwant Mann’s OSD Rajbir Singh Ghuman did not appear before the CBI for questioning in an alleged corruption and bribery case, with the CMO saying he was not served the summons. The agency had registered an FIR against Ghuman and five others and searched eight locations across Punjab and Chandigarh.

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West Bengal Chief Secretary Manoj Kumar Agarwal is seeking legal advice and considering defamation proceedings against TMC MP Mahua Moitra over her remarks accusing him of being among the key architects of Bengal’s SIR and calling him a “vote chor”. Former special observer Subrata Gupta is also exploring legal options.

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Ghana Cabinet clears BRICS bid as Jaishankar visits Accra
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Ghana is one of Africa's politically and economically stable countries and among India's oldest partners in the continent. Jaishankar said India has "always been very sympathetic and supportive of Ghana's aspirations and goals", but pointed out that the BRICS bid is "an issue of collective consideration" for the bloc.

Ghana Cabinet clears BRICS bid as Jaishankar visits Accra
Oct 7, 2026
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Ghana is one of Africa's politically and economically stable countries and among India's oldest partners in the continent. Jaishankar said India has "always been very sympathetic and supportive of Ghana's aspirations and goals", but pointed out that the BRICS bid is "an issue of collective consideration" for the bloc.

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Foreign investors pulled $26.3 billion from emerging-market stocks and bonds in September due to rising US yields. The hawkish Federal Reserve's interest rate hike influenced this first outflow since June. Additionally, heavy foreign selling in South Korea resulted in a significant decrease in emerging-market equities. While fixed-income assets attracted $246 billion this year, equities saw year-to-date outflows of $113.9 billion.

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