India's 10-year bond yield surpasses 7% on rising oil, Treasury yields
Indian government bonds experienced a sharp decline in early trading on Friday. The benchmark ten-year bond yield climbed past seven percent, reaching a three-month high. This downturn occurred as rising oil prices and elevated US Treasury yields ...
By Reuters |
Agencies
Indian government bonds plunged in opening deals on Friday, with the benchmark 10-year bond yield surpassing 7% to a more than three-month high as a double whammy of rising oil and U.S. yields sapped investor appetite.
The 10-year benchmark 6.94% 2036 bond yield hit 7.0211%, after closing at 6.9762% on Thursday.
The Brent crude contract was over $108 per barrel, while the 10-year U.S. yield was around 4.97%.
The 10-year benchmark 6.94% 2036 bond yield hit 7.0211%, after closing at 6.9762% on Thursday.
The Brent crude contract was over $108 per barrel, while the 10-year U.S. yield was around 4.97%.
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