Indian bond yields just climbed to a nine-month high, signaling a major shift in market sentiment around monetary policy. Traders are now pricing in fewer interest-rate cuts ahead, which essentially means borrowing costs are staying elevated longer than previously anticipated.

This move matters beyond just the Indian market. When major economies tighten financial conditions, it tends to reshape global capital flows. For crypto investors watching macro trends, tighter monetary policy and rising yields typically reduce appetite for higher-risk assets. Keep an eye on how central banks globally respond—these shifts often precede broader market rotations across equities, bonds, and digital assets.