Sensex, Nifty impact Explained: Why 30-year US Treasury bond yields surged to 2002 levels and why it matters to India?

New Delhi, Sept. 30 -- The US bond market is witnessing a sharp sell-off on Wednesday, with Treasury yields rising. The 10-year US Treasury yield extended its morning gains to 5.214%, up around 1%, while the 30-year Treasury yield climbed 0.90% to 5.544%. It had earlier crossed 5.6%, reaching its h…