Jobs in line as IRDAI commission caps force insurance brokers to rethink models
INDIA BUSINESS | Wed, 30 Sep 2026, 1:58AM IST
Facing new commission regulations from the IRDAI, insurance brokers, including Quickinsure, are tweaking their business approaches. This pivot might cause a staggering loss of over 100,000 jobs as the industry reduces reliance on fixed sales teams. Brokers are expected to embrace more flexible cost structures and optimize sales output. Unfortunately, smaller brokers lack the established client base needed to weather these changes, risking their operational sustainability.
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2h
SC seeks 16% MRP cap on medicines, flags huge cancer drug markups
INDIA BUSINESS | Wed, 30 Sep 2026, 1:45AM IST
The Supreme Court has raised concerns regarding inflated prices of essential medicines, particularly cancer drugs, sold at exorbitant markups. Justices Vikram Nath and SVN Bhatti criticized pharma companies for neglecting the struggles of ordinary people. They urged the government to consider a uniform pricing rule that limits maximum retail prices. The court highlighted the burden on taxpayers due to inflated medical expenses reimbursed under public health schemes.
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2h
US stocks: US market ends slightly lower as bond yields hold near multi-decade highs
INDIA MARKET | Wed, 30 Sep 2026, 1:42AM IST
US stocks closed slightly lower as consumer confidence fell to a significant low not seen in over 12 years. Rising government bond yields have affected investor sentiments before upcoming economic data releases. Reports indicated a decline in job openings and a pessimistic outlook from households regarding the economy. Multiple Federal Reserve officials expressed differing views on the need for future interest rate hikes.
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US stocks: US market ends lower as bond yields hold near multi-decade highs
INDIA NEWS | Wed, 30 Sep 2026, 1:42AM IST
US stocks ended the session slightly lower on Tuesday, as government bond yields continued their ascent ahead of inflation and labor market data, while investors assessed comments from Federal Reserve officials for the path of interest rates.US Treasury yields rose, with the 30-year bond hitting 5.6206%, its highest since June 2002. The yield on the benchmark 10-year Treasury bond climbed to 5.293% - its highest level since June 2007.Those yields eased from their earlier highs and shorter-duration yields were down on the day, however, as oil prices retreated on signs of a recovery in exports from the Middle East and comments from Federal Reserve Bank of New York President John Williams, who said the US central bank has time to weigh the data before deciding when to hike interest rates again.Expectations for a rate hike of at least 25 basis points from the Fed at its October meeting declined to 51.5%, according to CME FedWatch, in the wake of Williams' comments, from nearly 70% earlier in the session.After retreating from highs at the start of the month, oil prices have accelerated higher in recent days as hopes that a US-Iran peace deal may be on the horizon have diminished.The rising prices of crude and diesel fuel have stoked inflation worries and pushed US Treasury yields higher. Fed officials have also indicated more rate hikes might be needed if price pressures fail to moderate after the central bank raised interest rates by 25 basis points this month.Several key economic releases are due this week, including the Personal Consumption Expenditures Price Index from the Commerce Department on Wednesday, which could help shape the path of Fed policy. Labor market data, culminating in Friday's government payrolls report, will be released throughout the week."PCE tomorrow is going to be big, so we'll see where that takes us," said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York. "The amount of negativity from consumers here, especially with higher rates, higher gas prices, they're getting squeezed - the consumers getting squeezed here, and we might start seeing (stocks sell off), at least in the consumer names."Higher yields raise the cost of capital and can make bonds an appealing alternative to equities, while also potentially denting corporate earnings power.According to preliminary data, the S&P 500 lost 11.12 points, or 0.14%, to end at 7,672.57 points, while the Nasdaq Composite lost 17.72 points, or 0.08%, to 26,802.66. The Dow Jones Industrial Average fell 136.10 points, or 0.26%, to 51,345.41.CONSUMER CONFIDENCE PLUNGESThe Labor Department said in its Job Openings and Labor Turnover Survey, or JOLTS report, that job openings, a measure of labor demand, had dropped by 256,000 to 7.079 million in August, below the 7.225 million estimate of economists polled by Reuters.A separate report from the Conference Board showed US target="_blank" rel="noopener">consumer confidence plunged to a nearly 12-1/2-year low in September, with households expecting a deterioration in business and labor market conditions over the next six months amid the Iran war and rising interest rates.While the Fed's Williams expressed patience for more rate hikes, other policymakers took a more hawkish stance, with Federal Reserve Governor Michael Barr saying more hikes are likely needed, and Federal Reserve Bank of Chicago President Austan Goolsbee said that allowing inflation to stay above the Fed's target for 5-1/2 years is "playing with fire."ANTHROPIC TARGETS VALUATIONAI-related stocks were in focus as Anthropic's initial public offering prospectus showed how the AI lab has grown sharply in the last year but also posted wider losses. The company is targeting a $2 trillion-plus valuation, possibly setting a benchmark for how Wall Street measures AI leaders.Meta shares advanced, even after OpenAI unveiled always-on agents called dots that chase user goals across apps on their own, seen as a competitor to Meta's newly released Muse.Among other movers, used-car retailer CarMax climbed after reporting increased second-quarter profit and revenue.Credit-scorer Fair Isaac Corp plunged after Federal Housing Finance Agency Director Bill Pulte said government-sponsored mortgage enterprises Fannie Mae and Freddie Mac will move to a single pricing grid.
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Happy Hours! UK trade pact brings scotch prices down in India
INDIA BUSINESS | Wed, 30 Sep 2026, 1:32AM IST
Scotch prices in India have decreased significantly for the first time following the India-UK free trade agreement. Major brands like Johnnie Walker Black Label and J&B are experiencing price reductions in various states. The agreement has halved the tariff on British whisky, leading to these lower prices. Companies are working to submit proposals for price adjustments in other regions as well.
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2h
Nuvoco, Clean Max tie up for clean energy project
INDIA BUSINESS | Wed, 30 Sep 2026, 1:24AM IST
Nuvoco Vistas Corp has engaged in a partnership with Clean Max Enviro Energy Solutions for a renewable project. This initiative involves a 46.4 MW wind-solar hybrid energy facility located in Rajasthan. The project will include 20 MW of wind capacity and 26.4 MWdc of solar capacity, featuring a 2-MWh Battery Energy Storage System.
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2h
SC upholds HC order, clarifies scope of Fortis forensic audit
INDIA BUSINESS | Wed, 30 Sep 2026, 1:18AM IST
The Supreme Court maintained the Delhi HC's directive for a forensic audit of certain banking transactions. This audit specifically concerns transactions involving Fortis Healthcare Ltd and its former promoters. The audit aims to examine transactions related to the erosion of shareholding in Fortis Healthcare.
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2h
Fed rate hike 'not urgent', says John Williams; Austan Goolsbee warns against 'playing with fire'
INDIA MARKET | Wed, 30 Sep 2026, 1:17AM IST
Federal Reserve Bank of New York President John Williams stated there could be one more interest rate increase before year-end. He emphasized that the central bank is not in a hurry to act immediately as it awaits more economic data. Williams projected that inflation might end the year at approximately 3.5% before returning to the Fed's target by 2028.
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2h
ChrysCapital to take minority stake in Linux laboratories
INDIA BUSINESS | Wed, 30 Sep 2026, 1:13AM IST
Linux Laboratories has secured $70 million in equity funding from ChrysCapital and Tata Capital Healthcare Fund III. This investment involves both primary capital and a secondary purchase, marking Tata Capital Healthcare Fund II's full exit. The funding will help Linux deepen its presence in existing specialties and expand into new therapeutic areas.
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2h
Oil slides as Saudi Arabia boosts flows via key pipeline
INDIA BUSINESS | Wed, 30 Sep 2026, 1:12AM IST
Oil prices have declined as Saudi Arabia restored partial capacity of its East-West pipeline, affecting global oil supply. Concerns regarding a stalemate between the US and Iran remain, but crude oil flows are sustained. The Brent crude future prices approached $103 a barrel, while West Texas Intermediate crude neared $90. There is ongoing movement of oil through the Strait of Hormuz despite risks to shipping.
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2h
Air India's 10,000 crore fundraise plan draws cashflow concerns
INDIA BUSINESS | Wed, 30 Sep 2026, 1:07AM IST
Air India is currently looking to secure 10,000 crore in fresh loans for various operational needs. Some lenders are hesitant to provide credit due to uncertain cash flow visibility and risks. The Tata Group-backed airline reported a significant increase in losses over the past financial year, including foreign-exchange losses. Despite this, state-owned banks are willing to renew existing credit lines due to a good credit rating.
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2h
Bigger picture: Media industry shifts focus to attention, data & tech
INDIA BUSINESS | Wed, 30 Sep 2026, 1:04AM IST
Speaking in a panel discussion at Ficci Frames, India's leading media and entertainment conclave, Zee Entertainment CEO Punit Goenka said the industry has transformed and is no longer simply about investing in and focusing on either television or digital.
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12% deficit: Rain report gives a dry reading
INDIA NEWS | Wed, 30 Sep 2026, 1:03AM IST
Indias southwest monsoon season offi cially ends today with rainfall 12% below normal. Uneven distribution has left key agricultural regions stressed, with decline in kharif sowing. Reservoirs failed to get amply filled, raising concerns over soil moisture and irrigation for the upcoming rabi season. The impact is showing in commodity markets: prices of several pulses are up amid crop concerns and festive demand. Maharashtra has declared drought across large parts, and Karnataka is facing similar conditions. Tanay Sukumar & Shambhavi Anand explain:134573535134573539134573540134573542134573543134573544
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Britannia rejigs top brass: N Venkataraman new Deputy MD, R Jayaraman to be CFO
INDIA BUSINESS | Wed, 30 Sep 2026, 12:54AM IST
Venkataraman has been with the company since 2007 and will now oversee its finance, strategy, legal, secretarial and IT functions alongside Hargave, Britannia said. He previously worked in finance roles at Eicher Motors and Hindustan Aeronautics.
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3h
INDIA MARKET | Wed, 30 Sep 2026, 12:54AM IST
Goldman Sachs and BNP Paribas divested 68.33 lakh shares of BSE through bulk deals on the NSE. The combined sale amounted to approximately Rs 2,186.44 crore and occurred before BSE's entry into the Nifty 50 index. UTI Mutual Fund and Nippon India Mutual Fund purchased a total of 52.43 lakh shares of BSE. BSE shares ended 3.31% higher at Rs 3,200, reflecting significant market interest.
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3h
New steel policy draft ready, to set 2047 road map: Secretary
INDIA BUSINESS | Wed, 30 Sep 2026, 12:51AM IST
The government is revisiting the current national steel policy 2017 to address major changes in the sector in the past decade including AI, machine learning, technology upgradation, decarbonisation and greater policy focus on sustainability.
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3h
Railways to tighten component checks
INDIA NEWS | Wed, 30 Sep 2026, 12:37AM IST
New Delhi: The Indian Railways will tighten the compliance framework for component warranty, after several recent instances where illegible markings on mechanical parts involved in equipment failures hindered identification of their manufacturers.Mandatory markings vary by component, but generally include the manufacturer's name or code, serial or batch number, month and year of manufacture, drawing or material code, heat number and other specified details. Location of the markings, as well as their size, depth, type and application method must conform with Railways Designs and Standards Organisation (RDSO) specifications, drawings and approved quality assurance plans.Also read | Bullet train: First steel bridge set up in Maharashtra after being transported over 1,000 kmThe RDSO has directed zonal railways, wagon manufacturers and inspection agencies to strictly enforce the prescribed marking scheme for critical freight components, a senior official told ET. "Zonal railways will also conduct random checks on newly supplied components during receipt, fitment and inspection at workshops, routine overhaul depots and examination yards," the official said.134573170The compulsory markings were incomplete, illegible or absent on components involved in several recent cases of equipment failure, the official said. "This affected traceability and made it difficult to establish the responsibility of the manufacturer or vendor concerned." The components in focus now include couplers, draft gears, brake blocks, compressed-air brake equipment, helical springs, side bearers, adapters, brake beams, friction wedges, bogies, liners and wear plates.Also read | Chabahar-Zahedan rail link completed, to boost India's access to Central AsiaChecks are expected to cover the presence of markings but also their completeness, accuracy, location, method, dimensions, depth and legibility. "If markings are missing, incomplete, incorrect or illegible, the entire lot of the component concerned will be rejected," the official said. The manufacturers or supplier-vendors of those components must arrange replacement under the applicable warranty or contractual provisions, as per the proposed framework. For several categories, manufacturers must replace the rejected components free of cost and bear the transportation expenses as well. The Quality Assurance (Mechanical) Directorate and third-party inspection agencies have been told to verify compliance during inspections.
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3h
Railways to tighten component checks to fix warranty gaps
INDIA BUSINESS | Wed, 30 Sep 2026, 12:37AM IST
The RDSO has directed zonal railways, wagon manufacturers and inspection agencies to strictly enforce the prescribed marking scheme for critical freight components, a senior official told ET.
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3h
Data centre surge triggers CEA study on grid stability
INDIA BUSINESS | Wed, 30 Sep 2026, 12:26AM IST
The Central Electricity Authority has formed a committee to evaluate data centre effects on power systems and grid stability. This initiative responds to the growing demand for electricity from data centres across various states in India. Odisha raised concerns over operational challenges linked to large market purchases affecting the grid.
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INDIA NEWS | Wed, 30 Sep 2026, 12:12AM IST
Mumbai: Companies are stepping up spending on legal matters as they move to close cross-border deals and resolve disputes. The trend highlights India Inc's efforts to go global while facing tighter regulations and greater compliance requirements as companies pursue more complex deals in a buzzing M&A market.Nifty 500 companies spent 68,210 crore ($7.23 billion) on legal expenses last fiscal year, up 13.5% from FY25, data compiled by ET Data team showed.Experts said one of the key drivers has been heavier spending on overseas deals, disputes and compliance.The biggest companies account for much of that bill. Legal spending by Nifty 50 companies rose 9.7% to 25,519 crore, reflecting the rising prominence of legal advice in an increasingly regulated and litigious business environment.Also Read: Essar-backed Mesabi Metallics to set up $15-billion steel plant in USThe increase, however, reflects more than higher corporate overheads.As Indian companies expand overseas, a more fractious global geopolitical environment is exposing them to a wider web of sanctions, trade restrictions, data rules and regulatory regimes, making legal advice an increasingly key part of managing cross-border risk.Jatin Jalundhwala, general counsel at Adani Group, said M&A and private equity deals, along with compliance, have become increasingly more complex in recent years. For Indian firms with a global presence, complexity has become a primary driver of rising legal costs, he said.134572851"Every acquisition now carries a longer list of questions around valuation adjustments, representations and warranties, indemnities, regulatory approvals, tax exposures and post-closing liabilities," said Jalundhwala. "Also, companies are operating under overlapping requirements covering data protection, competition, securities markets, environmental obligations, employment, consumer protection and increasingly sophisticated corporate governance standards."Also Read: Tata Steel extends Dutch green steel pact by five months to March 2027For technology companies, the emergence of AI has added another layer, he said.Legal expenses typically include litigation and arbitration costs, professional fees, regulatory filings, penalties and stamp duty, among other expenses.More broadly, the rise in legal costs is driven by regulation becoming more extensive, specialised and fast-changing, said Naveen Raju, group general counsel and executive vice president at Mahindra Group."In situations like transactions, the cost of failure is rising sharply, pushing boards to invest upfront in prevention and the fact that the GC's role itself has shifted from merely reviewing decisions that have been taken to actually shaping them in real time, which demands more resourcing and legal scrutiny," said Raju.For corporate India, the legal bill is starting to look less like an overhead and more like an investment in growth, the price of having the legal firepower to move faster, take bigger bets and operate across more jurisdictions.Across the broader listed universe, legal spending of 4,546 listed companies that reported such expenses reached 97,663.71 crore ($10.35 billion) in FY26.Sanjeev Gemawat, managing director and group general counsel at Essar Group, said India's legal market has enormous headroom. A larger economy and deeper corporate activity inevitably create more legal work, while technology such as AI could allow lawyers to handle that growing workload more efficiently."India is moving towards a larger and more sophisticated legal economy as GDP grows, businesses globalise, regulation deepens, and legal services become increasingly technology-enabled," said Gemawat. "Even if AI substantially improves productivity and reduces the cost of individual legal tasks, the overall demand for legal services can continue to expand because the economy itself is expanding and becoming more legally intensive."
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3h
Team up against unilateral action: Shaktikanta Das to Global South
INDIA MARKET | Wed, 30 Sep 2026, 12:08AM IST
Urges trade and energy diversification as US tariffs and West Asian conflict escalate crude import pressures
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3h
Essar-backed Mesabi Metallics to set up $15-billion steel plant in US
INDIA BUSINESS | Wed, 30 Sep 2026, 12:02AM IST
Mesabi Metallics will use iron ore for the Iowa plant from its mine in Minnesota, which was recently operationalised. The company has invested nearly $3 billion in this iron ore mine at Nashwauk in the state, which is the first new mine in Minnesota in five decades. This combined $18 billion investment is the largest single-location investment for steel in the country.
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3h
YouTube Ecosystem Adds Over Rs 18,000 Crore To India's GDP, Supports 9.6 Lakh Jobs In 2025
INDIA MARKET | Tue, 29 Sep 2026, 11:43PM IST
The number of YouTube channels in India generating six figures or more in revenue (INR) rose by over 30% year-on-year.
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4h
RBI Panel Recommends 11.2% Increase In States' WMA Limit To Rs 67,839 Crore
INDIA MARKET | Tue, 29 Sep 2026, 11:37PM IST
Based on the recommendations made by the previous Advisory Committee (Chairman: Sudhir Shrivastava), the RBI had revised the aggregate WMA limits for the states from Rs 32,225 crore to Rs 47,010 crore, effective from April 1, 2022.
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India's Population To Age Sharply Later This Century As Fertility Falls Below Replacement: Moody's
INDIA MARKET | Tue, 29 Sep 2026, 11:33PM IST
India's falling fertility is beginning to shift its age structure, Moody's Ratings says.
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4h
Allcargo Logistics Appoints Vijay Nehra As Managing Director & CEO
INDIA MARKET | Tue, 29 Sep 2026, 11:33PM IST
Both Vijay Nehra and Ketan Kulkarni will report to Punit Misra, Chief Business Officer, Allcargo Group.
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4h
Skoda Cars To Get Costlier From October 1; Price Hike Capped At Rs 20,000
INDIA MARKET | Tue, 29 Sep 2026, 11:32PM IST
The price revision comes after Skoda recorded its strongest first-half sales in India.
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4h
Govt Lowers Foodgrain Production Target By 2.63 mn Tonnes For 2026-27 Over El Nino Fears
INDIA MARKET | Tue, 29 Sep 2026, 11:30PM IST
Of the total target set for 2026-27, the foodgrain production target for the 2026 kharif season is 196.21 million tonnes and 177.72 million tonnes for the rabi crop season.
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4h
JioStar to deepen ChatGPT integration as AI reshapes sports viewing
INDIA BUSINESS | Tue, 29 Sep 2026, 11:26PM IST
JioStar launched a deep product integration with ChatGPT during the IPL that went beyond conventional search. Viewers could ask questions about players and matches in natural language while watching the game and receive contextual information without interrupting their viewing experience.
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4h
Sitharaman discusses BIT, FTA, UPI expansion with Qatar during Doha visit
INDIA MARKET | Tue, 29 Sep 2026, 11:21PM IST
Finance minister discusses Qatar's $10 billion investment commitment, proposed BIT and FTA talks, while seeking wider adoption of India's UPI payment system
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4h
OpenAI takes on Meta with always-on Dots agent in enterprise AI push
INDIA BUSINESS | Tue, 29 Sep 2026, 11:17PM IST
The Dots agents aim to capitalize on growing demand for agents that can handle everyday work with little supervision.
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4h
Rs 1 Lakh Invested In This Stock Nearly 7 Years Ago Is Now Worth Over Rs 53 Lakh
INDIA MARKET | Tue, 29 Sep 2026, 11:12PM IST
Railway electronics has become one of the biggest changes in HBL's earnings profile.
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4h
Anthropic Warns Of 'Unknown Legal Risks' From Rogue AI Agents In IPO Prospectus
INDIA MARKET | Tue, 29 Sep 2026, 11:10PM IST
Anthropic's IPO filing flags uncertain liability for AI agents that act autonomously on behalf of users.
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4h
US 30-Year Treasury Yields Spike To 5.6%, Highest Since 2002
INDIA MARKET | Tue, 29 Sep 2026, 11:07PM IST
The 30-year yield rose above 5.61% amid intensifying selloff across global debt markets.
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4h
Eloelo Group opens AI video production engine to creators, brands, studios
INDIA BUSINESS | Tue, 29 Sep 2026, 11:04PM IST
Entertainment company Eloelo Group has unveiled Dolphin AI, an agentic AI studio designed to handle video production from scripting and planning to generation and editing. The AI agent's main proposition is to maintain continuity across multiple shots. The platform was developed initially to address Eloelos own high-volume video production requirements and is now being offered to external users.
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4h
BMW Targets 25% Cut In Energy Use Per Vehicle By 2030, Pledges 100% Renewable Switch By 2050
INDIA MARKET | Tue, 29 Sep 2026, 10:58PM IST
BMW targets lower energy use and more recycled materials as it pushes for greener production.
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5h
Trade Setup For Sept 30: Nifty Support Slips To 22,600 As Weakness Persists
INDIA MARKET | Tue, 29 Sep 2026, 10:54PM IST
However, a decisive break below 22,600 could intensify selling pressure. Chouhan expects the index to potentially slip towards 22,50022,400 if the support gives way.
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5h
AI Now A 'Science Problem', Says Sam Altman; Warns Nvidia Security Isn't Enough
INDIA MARKET | Tue, 29 Sep 2026, 10:52PM IST
Sam Altman says Nvidia security is not enough to address the broader risks of advanced AI models.
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5h
Indias media industry needs to move from scale to value: Prabhat
INDIA BUSINESS | Tue, 29 Sep 2026, 10:40PM IST
Prabhat emphasized the need for India's media and entertainment industry to create enduring economic value. He noted that overwhelming scale of content production is insufficient for sustainability and growth in creative enterprises. Greater investment in original intellectual property and improved protection against piracy were highlighted as essential.
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CPP Investments makes India hospitality debut
INDIA NEWS | Tue, 29 Sep 2026, 10:31PM IST
MUMBAI: Canada Pension Plan Investment Board (CPP Investments) has invested Rs 3,000 crore or C$441 million in Prestige Estates Projects hospitality platform Prestige Hospitality Ventures Ltd (PHVL).Through the investment, CPP Investments will acquire around 27% stake in PHVL, with the majority of the capital supporting the platform's continued expansion.We see compelling opportunities in India's hospitality sector, driven by rising travel and a demand for quality accommodationThis investment offers an opportunity to participate in the sector's long-term growth through a well-positioned platform, while seeking to generate attractive risk-adjusted returns for CPP contributors and beneficiaries, said Hari Krishna, Head of Real Estate India & Mumbai Office Head at CPP Investments.This marks CPP Investments first direct investment in Indias hospitality sector and builds on its growing hospitality exposure across Asia Pacific, including recent investments in Japan and Korea.Also read | TVS Motor Company leases 5 lakh sq ft office in Bengaluru for 10 yearsHospitality is an important part of Prestiges long-term growth strategy, and we see significant opportunity to build a scaled, high-quality portfolio across India. CPP Investments long-term investment approach complements our development capabilities and market understanding and together we look forward to creating a hospitality platform of scale, said Irfan Razack, CMD, Prestige Group.PHVL owns a portfolio of luxury and premium hotels in key gateway cities across India and is well positioned for future growth through a substantial development pipeline spanning Bengaluru, Chennai, Delhi, Goa, Hyderabad, and Mumbai.CPP Investments is a professional investment management organisation that manages the Canada Pension Plan Fund on behalf of more than 22 million contributors and beneficiaries. It invests globally across public and private equities, real estate, infrastructure, fixed income and alternative strategies to build diversified portfolios.Also read | Affordable housing lenders need new branches, catchments as mature outlets see growth stagnation: ReportHeadquartered in Toronto, it operates independently of the Canada Pension Plan and at arms length from governments. As of June-end, the fund had assets of C$863.6 billion.As of June end, Prestige Group has delivered 319 projects spanning 216 million sq ft and currently has a pipeline of 137 projects across 229 million sq ft.
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CPP Investments makes India hospitality debut with Rs 3,000-cr Prestige deal
INDIA BUSINESS | Tue, 29 Sep 2026, 10:31PM IST
Through the investment, CPP Investments will acquire around 27% stake in PHVL, with the majority of the capital supporting the platform's continued expansion.
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5h
US 30-year Treasury yield tops 5.6%, reaching highest level since 2002
INDIA MARKET | Tue, 29 Sep 2026, 10:14PM IST
Yields on the 30-year US Treasury bond have risen to levels not seen since 2002. This increase is part of a prolonged selloff in the global Treasury market, driven by various economic factors. Rising energy prices are contributing to higher inflation and increased expectations for rate hikes. Notably, a significant corporate bond issuance has also exerted pressure on the market.
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