Indian government bonds stumbled in early trade on Tuesday as oil topped $90 a barrel, amplifying jitters over the central bank's early end to a diaspora deposit incentive that had buoyed liquidity and demand.
The yield on the benchmark 6.94% 2036 bond crept up 3 basis points to 6.8407% by 10:45 a.m. IST. It had jumped 5 bps on Monday, its steepest one-day rise in over a month. Bond yields move inversely to prices.
