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The Economic Times
The Economic Times
Business

Indian 10-year bond yield tops 7% on global debt rout, oil rally

India Oil Reserve Bank of India United States Bonds Inflation Monetary Policy

Indian government bonds sank early ​on Wednesday, with the benchmark ​10-year yield briefly topping 7% for the first time in ​three months as a deepening global debt selloff and a fresh spike in oil prices rattled investors.

The yield on the benchmark 6.94% 2036 bond was up 3 basis points at ‌6.9898% as ⁠of 10:45 ⁠a.m. IST, after breaching 7% at the open. It was near a three-month high.

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