New Delhi, May 12 -- The Indian 10-year bond yield breached the 7 per cent mark as global geopolitical tensions and persistent inflationary concerns weighed on the domestic debt market. The India 10-year government bond yield stood at 7.031 per cent, reflecting an increase of 0.047 basis points or 0.67 per cent.

According to a report by the Bank of Baroda, the 10-year yield is expected to fluctuate between 6.9 per cent and 7.1 per cent through the remainder of the month.

"We expect India's 10Y yield to trade in the range of 6.9-7.1% in the current month, with risks tilted to the upside. The cut-off yield for the New GS2036 at 6.94% also suggests that yield is likely to hover in that range and not expected to be much below the 6.9% mark,...