Mumbai, Sept. 18 -- The US long duration bonds came under pressure following the actions from US Federal Reserve. US Federal Reserve cut its benchmark interest rates by 25 basis points to 4.25%. However, after offering its first rate cut this year, the Fed is in a "meeting-by-meeting situation" regarding the outlook for interest rates, Fed Chair Powell noted. This triggered some volatility in bond markets and the yield on the benchmark ten-year bond rose 5 basis points to 4.07%, continuing to edge up from five-month low.

Published by HT Digital Content Services with permission from Capital Market....