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The Economic Times
The Economic Times
Business

Treasury rout, oil spike bleed Indian bonds; 10-year yield jumps most in over 2 months

India Oil Reserve Bank of India US Treasury Bonds Inflation Monetary Policy RBI United States

Indian government bonds retreated on Thursday in the worst session for the benchmark 10-year bond in over two months, tracking a spike in US Treasury yields as well as oil prices, both of which strengthened bets on a hawkish Reserve Bank of India rate decision in two weeks.

The benchmark 6.94% 2036 bond yield climbed 6 basis points to end at 7.1067%, its highest level since May 21, after closing at 7.0447% on Wednesday. Bond yields move inversely to prices.

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