Indian bonds consolidate as 10-year bond yield tops 6.75%

 


Indian government bond yields consolidated on Wednesday after the benchmark bond yield rose above the 6.75% mark to its highest in over six weeks as broader sentiment remained cautious amid heavy debt supply.

The benchmark 10-year yield was at 6.7401% as of 10:00 a.m. IST, compared with its previous close of 6.7447%. Earlier in the day, it had hit 6.7530%, its highest since January 20.

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