India 10-Year Yield Ticks Up to 6.9890% in Early Trade
Indian government bond yields rose on Wednesday, with the 10-year yield reaching 6.9890% due to oil prices climbing above $110 a barrel amid stalled US-Iran peace talks. The Bank of Baroda Economist predicts India's 10-year government bond yield will trade in the 6.9-7.10% range in the near term.
Indian government bond yields spiked on Wednesday, with the benchmark 10-year yield reaching 6.9890%. The surge came after oil climbed above $110 a barrel due to stalled US-Iran peace talks. The Bank of Baroda Economist expects India's bond market to remain under pressure in the near term, with yields staying elevated amid global uncertainties and domestic supply concerns. Dipanwita Mazumdar, Economist at BoB, predicts the 10-year yield will trade in the 6.9-7.10% range. The 10-year yield has been volatile, starting at 6.40% in April 2025 and rising to 6.75% by March 2026. It breached the 7% level for the first time since July 2024.
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