Indian government bond yields rose in the early session on Friday, with benchmark bond yield touching 7.10% as traders braced for a fresh debt sale through the weekly auction, while an uptick in U.S. yields hurt sentiment.
The benchmark 7.26% 2033 bond yield was at 7.0910% as of 10:00 a.m. IST, after ending the previous session at 7.0827%.
"Bulls have turned cautious as the week progressed, and with the 10-year U.S. yield rising again, we are seeing some more selling," a trader with a state-run bank said.
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