Indian government bond yields climbed on Friday as elevated U.S. inflationary pressures reaffirmed doubts on the ability of the Federal Reserve to deliver interest rate cuts in the near future, sending Treasury yields higher.
The yield on the benchmark Indian 10-year was at 7.1749%, as of 10 a.m. IST, after closing at 7.1112% on Wednesday. The yield hit 7.1809%, highest since Jan. 29 earlier on Friday, while the bond markets were shut on Thursday.
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