Indian government bonds extended losses into a fifth straight session on Wednesday, as U.S. Treasury yields climbed to near three-year highs and surging oil prices rekindled inflation fears.
The benchmark 10-year U.S. Treasury yield, a global yardstick for borrowing costs, hovered at 4.81%, its highest level since November 2023. The 5% mark is a threshold traders say could further unnerve global markets.
