Indian government bonds slipped into the red at the start of a fourth straight session on Friday, as oil prices climbed above the $100-per-barrel mark and the 10-year U.S. Treasury yield hit an 18-month high, souring sentiment ahead of a fresh debt sale.
The benchmark 6.94% 2036 bond yield traded at 6.8571% as of 10:30 a.m. IST, after closing at 6.8413% on Thursday. Earlier in the session the yield hit its highest level in five weeks.
