India's 10-Year Bond Yield Hits 2.5-Year High at 7.21%
India's 10-year benchmark bond yield has risen to 7.21%, marking its highest level in two and a half years. Rising oil prices and an expected Reserve Bank of India rate hike of 25 basis points could push yields further to 7.50%. Additionally, a large bond issuance is expected soon, complicating supply and demand dynamics.
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