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Oil shock hammers India bonds before policy minutes, 10-year yield at over 3-year high
MUMBAI: Indian government bonds slid on Wednesday, with the benchmark yield hovering near its highest level since March 2023, as elevated oil prices fuelled inflation concerns, while traders awaited minutes of the central bank’s latest policy meeting. The benchmark 6.94% 2036 bond yield ended at 7.4427% after ending at 7.3920% on Monday. Indian debt markets were shut on Tuesday for a local holiday. Bond yields move inversely to prices. The benchmark Brent crude stayed above $110 per barrel after nearing $112 on Tuesday, its highest in five months, as traders weighed Red Sea shipping risks and ...
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