S. 6% respectively, as Treasury yields slipped to a 15‑month low. The decline in the 10‑year yield reflects a shift in risk appetite, easing borrowing costs for corporates worldwide. Medi‑tech giant Moderna led the healthcare rally, posting a 4% jump after a strong earnings beat and a new vaccine partnership announcement. The lift lifted the broader healthcare index, drawing attention to biotech and pharma stocks that often act as a proxy for global health spending trends.
S. yields could translate into a more favorable carry trade environment, potentially supporting the rupee and reducing the cost of borrowing for Indian corporates. S. markets or cross‑border deals. S.
interest‑rate expectations. S. S. policy easing before making allocation decisions.