New Delhi, Nov. 5 -- The US midterm election results have impacted global bond markets, with Indian government bond yields declining sharply. The Democratic Party's victory in both chambers of Congress has dealt a major setback to President Donald Trump and his Republican Party.

According to a Bloomberg report at 9:04 am on 5 November, the benchmark Nifty 50 Index surged as much as 2%, taking its weekly gains close to 6% and putting it on course for its best weekly performance since 2021.

Benchmark Indian bond yields dropped as much as 12 basis points to 7.07%, extending the weekly decline to about 35 basis points. The rupee strengthened as much as 0.3% to 94.3250 against the US dollar.

Here is what experts say about the bond market ou...