{"id":15718,"date":"2026-08-20T17:51:39","date_gmt":"2026-08-20T12:21:39","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=15718"},"modified":"2026-08-20T17:53:12","modified_gmt":"2026-08-20T12:23:12","slug":"stt-hike-2026-will-higher-fo-costs-push-traders-toward-bonds","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/bond-news\/stt-hike-2026-will-higher-fo-costs-push-traders-toward-bonds\/","title":{"rendered":"STT Hike 2026: Will Higher F&amp;O Costs Push Traders Toward Bonds?"},"content":{"rendered":"<div class=\"gpi-custom-widget-box\" style=\"border-left-color: #0066cc; background-color: #f0f7ff;\">\n<div class=\"gpi-custom-widget-title\" style=\"color: #0066cc;\">\ud83d\udcdd Quick Summary:<\/div>\n<h2 class=\"gpi-custom-widget-h2-content\"><span class=\"ez-toc-section\" id=\"In_Budget_2026_the_government_raised_the_Securities_Transaction_Tax_on_futures_and_options_From_1_April_2026_futures_STT_rose_from_002_to_005_and_options_STT_from_010_to_015_of_the_premium_1_The_aim_was_to_cool_heavy_speculation_in_derivatives_This_piece_explains_what_the_change_means_for_active_traders_and_asks_a_fair_question_does_a_higher_trading_cost_make_bonds_look_more_attractive\"><\/span><strong>In Budget 2026, the government raised the Securities Transaction Tax on futures and options. From 1 April 2026, futures STT rose from 0.02% to 0.05% and options STT from 0.10% to 0.15% of the premium [1]. The aim was to cool heavy speculation in derivatives. This piece explains what the change means for active traders and asks a fair question: does a higher trading cost make bonds look more attractive?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n\n\n<p>Every time you buy or sell a listed security in India, a small tax called the Securities Transaction Tax, or STT, is charged. You pay it whether you make money or lose money, because it is charged on the value of the trade, not on your profit.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/stt-hike-2026-will-higher-fo-costs-push-traders-toward-bonds\/#In_Budget_2026_the_government_raised_the_Securities_Transaction_Tax_on_futures_and_options_From_1_April_2026_futures_STT_rose_from_002_to_005_and_options_STT_from_010_to_015_of_the_premium_1_The_aim_was_to_cool_heavy_speculation_in_derivatives_This_piece_explains_what_the_change_means_for_active_traders_and_asks_a_fair_question_does_a_higher_trading_cost_make_bonds_look_more_attractive\" >In Budget 2026, the government raised the Securities Transaction Tax on futures and options. From 1 April 2026, futures STT rose from 0.02% to 0.05% and options STT from 0.10% to 0.15% of the premium [1]. The aim was to cool heavy speculation in derivatives. This piece explains what the change means for active traders and asks a fair question: does a higher trading cost make bonds look more attractive?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/stt-hike-2026-will-higher-fo-costs-push-traders-toward-bonds\/#What_the_STT_Increase_Impact_Actually_Is\" >What the STT Increase Impact Actually Is<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/stt-hike-2026-will-higher-fo-costs-push-traders-toward-bonds\/#Why_the_F_O_STT_vs_Fixed_Income_Comparison_Matters\" >Why the F&amp;O STT vs Fixed Income Comparison Matters<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/stt-hike-2026-will-higher-fo-costs-push-traders-toward-bonds\/#Why_Traders_Shifting_to_NCDs_Is_a_Real_Limited_Trend\" >Why Traders Shifting to NCDs Is a Real, Limited Trend<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/stt-hike-2026-will-higher-fo-costs-push-traders-toward-bonds\/#What_a_Trader_Should_Actually_Take_From_This\" >What a Trader Should Actually Take From This<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/stt-hike-2026-will-higher-fo-costs-push-traders-toward-bonds\/#Frequently_Asked_Questions\" >Frequently Asked Questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/stt-hike-2026-will-higher-fo-costs-push-traders-toward-bonds\/#Conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/stt-hike-2026-will-higher-fo-costs-push-traders-toward-bonds\/#Disclaimer\" >Disclaimer<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n\n<p>For a long-term investor who trades rarely, STT is tiny. For an active futures and options trader who trades many times a day, it adds up fast. That is exactly the group the STT increase falls on hardest in 2026.<\/p>\n\n\n\n<p>The question this raises is a real one. If frequent trading just got more expensive, do some traders start looking at fixed income instead? Here is the honest answer.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_the_STT_Increase_Impact_Actually_Is\"><\/span><strong>What the STT Increase Impact Actually Is<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The STT increase came in Budget 2026 and took effect on 1 April 2026. It raised the tax on derivatives trades and left equity delivery and intraday share trading untouched.<\/p>\n\n\n\n<p>Under the STT increase, futures STT rose from 0.02% to 0.05% of the traded price and options STT from 0.10% to 0.15% of the premium [1]. The full impact lands on the F&amp;O (Futures and Options) segment, where the government worried markets were overheating [2].<\/p>\n\n\n\n<p>These numbers look small, but they are charged on turnover, which is large. A futures trader running ten contracts a day could pay a few thousand rupees more daily, tens of thousands a month, purely in STT [3]. The STT increase is therefore heaviest on high-frequency traders and barely noticeable for a buy-and-hold investor.<\/p>\n\n\n\n<p>That difference is the whole story. The heavier the trading, the bigger the impact on your returns.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_the_F_O_STT_vs_Fixed_Income_Comparison_Matters\"><\/span><strong>Why the F&amp;O STT vs Fixed Income Comparison Matters<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Here is where bonds enter the picture. This comparison is worth making because the two are taxed very differently on the way in and out.<\/p>\n\n\n\n<p>When you buy or sell a bond or NCD, there is no securities transaction tax applicable like on shares and derivatives. That absent securities transaction tax on bonds never paid is a real cost saved. STT simply does not apply to debt instruments. So in this F&amp;O STT vs. fixed income comparison, one side pays a transaction tax on every trade and the other does not.<\/p>\n\n\n\n<p>That being said, bonds and F&amp;O aren\u2019t the same kind of product. One is a leveraged bet on price direction, the other a loan that pays fixed interest. But for a trader weighing costs, the gap is now wider than before, and the absence of a securities transaction tax on the bonds side is part of that.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Latest Bond Updates:<\/h3>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><div class=\"wp-block-latest-posts__featured-image aligncenter\"><a href=\"https:\/\/goldenpi.com\/blog\/bond-news\/us-bond-market-sell-off-what-it-signals-where-opportunities-lie\/\" aria-label=\"US Bond Market Sell-Off: What It Signals &#038; Where Opportunities Lie\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20194326\/US-Bond-Market-sell-off-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"US Bond Market sell off\" style=\"\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20194326\/US-Bond-Market-sell-off-1024x576.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20194326\/US-Bond-Market-sell-off-300x169.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20194326\/US-Bond-Market-sell-off-768x432.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20194326\/US-Bond-Market-sell-off-1536x864.jpg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20194326\/US-Bond-Market-sell-off.jpg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/us-bond-market-sell-off-what-it-signals-where-opportunities-lie\/\">US Bond Market Sell-Off: What It Signals &#038; Where Opportunities Lie<\/a><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image aligncenter\"><a href=\"https:\/\/goldenpi.com\/blog\/bond-news\/stt-hike-2026-will-higher-fo-costs-push-traders-toward-bonds\/\" aria-label=\"STT Hike 2026: Will Higher F&amp;O Costs Push Traders Toward Bonds?\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20175119\/STT-Hike-2026-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"STT Hike 2026\" style=\"\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20175119\/STT-Hike-2026-1024x576.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20175119\/STT-Hike-2026-300x169.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20175119\/STT-Hike-2026-768x432.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20175119\/STT-Hike-2026-1536x864.jpg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20175119\/STT-Hike-2026.jpg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/stt-hike-2026-will-higher-fo-costs-push-traders-toward-bonds\/\">STT Hike 2026: Will Higher F&amp;O Costs Push Traders Toward Bonds?<\/a><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image aligncenter\"><a href=\"https:\/\/goldenpi.com\/blog\/bond-news\/new-income-tax-act-2025-what-changes-for-bond-investors-in-2026\/\" aria-label=\"New Income Tax Act 2025: What Changes for Bond Investors in 2026?\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20160023\/New-Income-Tax-Act-2025-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"New Income Tax Act 2025\" style=\"\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20160023\/New-Income-Tax-Act-2025-1024x576.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20160023\/New-Income-Tax-Act-2025-300x169.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20160023\/New-Income-Tax-Act-2025-768x432.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20160023\/New-Income-Tax-Act-2025-1536x864.jpg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20160023\/New-Income-Tax-Act-2025.jpg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/new-income-tax-act-2025-what-changes-for-bond-investors-in-2026\/\">New Income Tax Act 2025: What Changes for Bond Investors in 2026?<\/a><\/li>\n<\/ul>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_Traders_Shifting_to_NCDs_Is_a_Real_Limited_Trend\"><\/span><strong>Why Traders Shifting to NCDs Is a Real, Limited Trend<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>So does the STT increase actually drive a move to bonds? The idea of traders shifting to NCDs contains some truth, and a lot of overstatement.<\/p>\n\n\n\n<p>The truth is that many retail F&amp;O traders lose money, and the STT increase makes a losing activity harder to justify. For someone already questioning whether active trading works for them, the STT increase can be the nudge toward something calmer. Traders shifting to NCDs, where returns are fixed and no STT applies, is a natural response.<\/p>\n\n\n\n<p>The overstatement is treating the STT increase as a flood into bonds. A committed derivatives trader chasing quick gains will not become a bond investor merely because of a fraction of a percent. The move to NCDs is small so far and mostly among traders who were already stepping back from F&amp;O. It&#8217;s happening, just not in a big way.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_a_Trader_Should_Actually_Take_From_This\"><\/span><strong>What a Trader Should Actually Take From This<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If you trade F&amp;O, the practical lesson from the STT increase is not &#8220;switch to bonds.&#8221; It is &#8220;count your costs honestly.&#8221;<\/p>\n\n\n\n<p>The STT increase makes an already thin edge thinner. If your F&amp;O trading was marginally profitable before, the STT increase may tip it into loss. That is worth calculating rather than feeling. Work out your monthly STT under the new rates and see what it does to your net result.<\/p>\n\n\n\n<p>If that calculation is discouraging, the F&amp;O STT vs. fixed income question becomes personal rather than theoretical. Bonds will not thrill anyone, but they pay a steady return, carry no securities transaction tax, and do not demand daily attention. For the right person, that is not a downgrade but a saner use of capital.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1787227983390\"><strong class=\"schema-faq-question\"><strong>Q1. How much STT was increased in Budget 2026?<\/strong><\/strong> <p class=\"schema-faq-answer\"> On futures, STT rose from 0.02% to 0.05% of the traded price. On options, it rose from 0.10% to 0.15% of the premium. Both took effect on 1 April 2026, and together they are the core of the STT increase for derivatives traders.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1787227992453\"><strong class=\"schema-faq-question\"><strong>Q2. What is the new STT rate for futures and options in 2026?<\/strong><\/strong> <p class=\"schema-faq-answer\"> Futures are taxed at 0.05% of the traded price on sale, and options at 0.15% of the premium on sale. Equity delivery and intraday share trading were not changed, so the F&amp;O STT vs fixed income and equity gap widened only for derivatives.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1787228002197\"><strong class=\"schema-faq-question\"><strong>Q3. Will the STT hike make options trading more expensive?<\/strong><\/strong> <p class=\"schema-faq-answer\"> Yes. Because STT is charged on turnover, not profit, the 2026 STT increase raises the cost of every option trade, win or lose. For frequent traders, that is a meaningful addition to annual costs.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1787228012891\"><strong class=\"schema-faq-question\"><strong>Q4. Does the STT hike push traders toward bonds?<\/strong><\/strong> <p class=\"schema-faq-answer\"> For some, at the margin. Traders shifting to NCDs, where no securities transaction tax applies and returns are fixed, is a real but small trend. It mostly affects traders who were already doubting whether active F&amp;O trading paid off.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1787228023529\"><strong class=\"schema-faq-question\"><strong>Q5. Are bonds subject to securities transaction tax?<\/strong><\/strong> <p class=\"schema-faq-answer\"> No. There is no securities transaction tax that bonds or NCDs attract. STT applies to shares and equity derivatives, not to debt instruments, which is one reason the F&amp;O STT vs fixed income comparison might favor bonds on cost.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1787228034418\"><strong class=\"schema-faq-question\"><strong>Q6. How does the STT increase affect intraday traders?<\/strong><\/strong> <p class=\"schema-faq-answer\"> Intraday equity share trading STT was not raised. But intraday derivatives traders feel the full STT increase, since they trade often and pay STT on every leg regardless of outcome.<\/p> <\/div> <\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The STT increase is real, targeted, and deliberately aimed at cooling speculative F&amp;O trading. It raises the cost of frequent derivatives trades while leaving long-term investing untouched.<\/p>\n\n\n\n<p>Does it push traders toward bonds? A little, and for the right people. The F&amp;O STT vs fixed income comparison has genuinely shifted since bonds carry no securities transaction tax and F&amp;O now costs more to trade. But traders shifting to NCDs are a modest, sensible minority, not a wave. The real message is quieter: if the higher tax makes your trading unprofitable, that is information worth acting on, and fixed income is one calm place that information can lead.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Sources<\/strong><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><a rel=\"nofollow\" href=\"https:\/\/cleartax.in\/s\/securities-transaction-tax-stt\">Budget 2026 raised STT on futures from 0.02% to 0.05% and on options from 0.10% to 0.15% of premium, effective 1 April 2026 (ClearTax)<\/a><\/li>\n\n\n\n<li><a rel=\"nofollow\" href=\"https:\/\/www.hdfc.bank.in\/blogs\/union-budget\/stt-hike-on-f-o-trading\">The STT hike targets excessive speculation in the F&amp;O segment; equity delivery and intraday share trading were left unchanged (HDFC Bank)<\/a><\/li>\n\n\n\n<li><a rel=\"nofollow\" href=\"https:\/\/www.business-standard.com\/amp\/budget\/news\/budget-2024-steep-stt-increase-to-tame-retail-frenzy-in-derivatives-market-124072301145_1.html\">Worked example: a futures trader doing ~10 contracts a day pays roughly \u20b93,000 more per day (~\u20b975,000 a month) after the hike; STT is charged on turnover, not profit (Business Standard)<\/a><\/li>\n<\/ol>\n\n\n<div class=\"gpi-custom-widget-box\" style=\"border-left-color: #0066cc; background-color: #f0f7ff;\">\n<div class=\"gpi-custom-widget-title\" style=\"color: #0066cc;\">Ready to Invest?<\/div>\n<div class=\"gpi-custom-widget-content\">\n<p>Visit <a href=\"https:\/\/goldenpi.com\/\">GoldenPi<\/a> to explore current bond options. Compare yields, ratings, and tenures in one place and invest online with as little as \u20b930,000.<\/p>\n<\/div>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Disclaimer\"><\/span>Disclaimer<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Fixed returns do not constitute guaranteed or assured returns. Investments in corporate debt securities and municipal debt securities\/securitized debt instruments are subject to credit risks, market risks, and default risks, including delay and\/or default in payment. Read all the offer-related documents carefully. This blog\/article should not be construed as financial advice or as an offer or recommendation to buy or sell any security or any products\/services of\/on GoldenPi or any product\/services of its third-party client(s). For a detailed calculation of YTM, visit our website.&nbsp;<a href=\"https:\/\/delivery.goldenpi.com\/XPRBSN?id=162365=ch0GCFVXBVBUH1QDUlZXUlgBVgNSUwJVWgQGDFJQAVsEUwRfBldSBFVUAglRBFJSAA0ZBgxfQFBbERxBFSNTV10FU1cTDBgFDg5OAFIKVVFQBlZTVwQBBgFSAg0aC0BMQRIMFkwBUwoIFVdDHBwCCw1QAAsTWBpSVwgebDYxdmt\/Xl9dHxMF&amp;fl=WRVCSRBfGUkETltfVwNLAxVbCQwNWhpYVkpFGwMOBRcEWQMNUEoHSQJaV1BQAQQHTAZXA1IcAAMOBBxWB1IMFQUEVQxXXAEFBVQEUkpTVlMCUFEHU1JVAwhUAFECAQZaVFEADVAAVQBXVFRUUw==\" target=\"_blank\" rel=\"noreferrer noopener\">T&amp;C\u2019s Apply<\/a>.<\/p>\n\n\n\n<script type=\"application\/ld+json\">\n[\n  {\n    \"@context\": \"https:\/\/schema.org\",\n    \"@type\": \"NewsArticle\",\n    \"@id\": \"https:\/\/goldenpi.com\/blog\/bond-news\/stt-hike-2026-will-higher-fo-costs-push-traders-toward-bonds\/#article\",\n    \"isPartOf\": {\n      \"@id\": \"https:\/\/goldenpi.com\/blog\/bond-news\/stt-hike-2026-will-higher-fo-costs-push-traders-toward-bonds\/\"\n    },\n    \"headline\": \"STT Hike 2026: Will Higher F&O Costs Push Traders Toward Bonds?\",\n    \"description\": \"The 2026 STT hike made F&O trading more expensive. Could higher trading costs push investors toward bonds and other long-term investments? 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