Source: CNBCTV18
TRADE SET UP
SPX -1.61%, Nasdaq -1.41%, Russell 2000 -2.8%
WEAK US 20Y BOND AUCTION !
5y yield +8 bps to 4.16%
10y yield +11 bps to 4.59%
30y yield +12 bps to 5.08%
Weak US 20y bond auction fueled term-premium risk
US 10y yield is up 47 bps in May so far !
On May 1st, US 10y yield was 4.12%, now at 4.59%
Question: At what level do yields start to put real pressure on the stock market?
The big psychological round number is 10y at 5%
Importantly, pace of move in rates matters more than absolute levels
Dollar Index -0.52% to 99.60
Brent Oil down 1.1% to $64.64
Precious metals were strong; Gold > $3300
For the Nifty, 20-day MA at 24,150 will be important downside level
Nifty needs to take out the high of 25,116
Bank Nifty closed slightly above the 20-day MA
On the way down, a swing low of 54,690 is important to watch
Downside levels are 54,031 & 53,505 (40-day EMA)
Bitcoin surpassed $110,000 for the first time to head toward another record high, with traders increasingly bullish on the prospects of the original cryptocurrency.
GIFT Nifty lower, trading at a discount of more than 40 points from Nifty Futures Wed close, indicates a start in the red for the Indian market
#CNBCTV18Market | #GIFTNifty lower, trading at a discount of more than 40 pts from Nifty Futures Wed close, indicates a start in the red for the Indian market pic.twitter.com/3jbIFbOE2p
— CNBC-TV18 (@CNBCTV18Live) May 22, 2025
Wall Street saw one of its most brutal selling sessions overnight in over a month as rising deficit worries led to a spike in bond yields, which in turn hit sentiment around equities. Futures on Wall Street are currently at the flat line as caution continues to prevail after Wednesday’s sell-off.
The Dow futures are down 20 points, while futures on the Nasdaq and S&P 500 are also trading at the flat line.
Welcome to CNBC-TV18’s Market Blog
Good morning, readers! Welcome to CNBC-TV18’s market blog, where we provide rolling live news coverage of the markets, lineup of TV guests, in-house editors, researchers and reporters.
Have a great day ahead. Good luck!
Let's Connect with CNBCTV 18
Network 18 Group :
©TV18 Broadcast Limited. All rights reserved.
© Copyright 2025 . All Rights Reserved.
Privacy Policy