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The Economic Times

Business

India's 10-year bond logs worst day in 3 months on faltering Iran deal

India Iran Donald Trump Inflation Oil

India's benchmark bond had its worst day in more than three months on Wednesday, after U.S. President Donald Trump said the peace deal with Iran was "over", sending oil prices soaring and sparking a risk-off across global markets.

The 6.94% 2036 bond yield settled at 6.7636%, up 6.8 basis points, its sharpest rise since ‌April 2. ⁠Bond yields move ⁠inversely to prices.

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