Mumbai, April 23 -- Indian bond yields are moving up after falling over last few days. Yields have tested around three-week low following decline under 7% mark for benchmark 10-year bond. However, soaring crude oil prices are pushing up the yield as market reassess inflationary outlook. The Brent crude futures surged spiked above $100 per barrel as uncertainty over the US-Iran talks reignited fears of extended supply disruptions in the critical Strait of Hormuz, a key route for global seaborne crude flows. The 10-year Treasury yield is currently quoting at 6.94%. The generally cautious tone of monetary policymakers in latest RBI meeting owing to geopolitical uncertainties is likely to keep a floor under yields.

Published by HT Digital Co...