Broad Market Recovery Boosted by US Treasury Intervention, Yields Ease

Market insiders said that a decisive move by the US Treasury to curb a sharp rise in bond yields provided much‑needed relief, sparking a vigorous rally. The intervention weakened the dollar, helped the rupee firm up and reduced yield pressure, making emerging markets more attractive to investors. The softer yields also encouraged spending, especially in IT and financial stocks, which contributed to the broad‑based recovery.