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The Economic Times
The Economic Times
Business

India 10-year bond yield sees biggest monthly rise in FY27 on rising rate hike bets

Indian government bonds tumbled on Monday, with ​the 10-year benchmark yield recording its biggest ​monthly rise of the fiscal year, as elevated oil prices and ​hawkish signals from the RBI were reinforced by the Federal Reserve.

The yield on the benchmark 6.94% 2036 bond ended at 6.9452%, its highest since June 8, after closing at 6.9108% on Friday. The yield rose ‌11 basis points ⁠in ⁠August, its biggest monthly increase this financial year.

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