Indian government bonds logged a monthly loss in July, their first drop in four months, as a withering U.S.-Iran peace deal yanked oil prices and U.S. Treasury yields higher, clouding India's economic and interest rate outlook.
The yield on the benchmark 6.94% 2036 bond ended at 6.8343% on Friday, up 2 basis points on the day. The 10-year yield had declined more than 28 basis points for three straight months till June before rising about 8 bps in July.
