US Treasury Yields Retreat Amid Inflation Fears and Iranian Conflict

The US Treasury yields retreated on Friday after briefly hitting their highest level since January 2025. The yield on the 10-year U.S. Treasury note was last seen down one basis point at 4.693%. This came as Brent crude oil's climb above $100 per barrel reignited inflationary fears.

U.S. President Donald Trump said he will soon make a decision on whether to launch a 'massive attack' on Iran after the conflict in the Middle East extended to a new battleground in the Red Sea. Speaking to Axios, Trump stated that the proposed strikes would be bigger than anything seen in the war so far.

Key stocks in news included LANDMARK CARS, which received a Letter of Intent (LoI) from JSW MG Motor India to open an MG Experia showroom in Ahmedabad; NBCC, which secured two project management consultancy orders worth Rs. 108.85 crore; and NTPC, which commissioned 64.76 MW of the 225 MW Khavda Solar PV project.

Global wheat prices soared due to increased freight costs and worries over worldwide crop yields. This has revived India's export prospects, with the government allowing 5 million tonnes of wheat exports after a four-year ban.