Mumbai, April 20 -- Indian bond yields are stabilizing after recent decline under 7% mark. The benchmark 10-year bond yield lingered around 6.90% today amid a spike in crude oil prices. WTI crude futures surged toward $90 per barrel, staging a sharp rebound as escalating tensions between United States and Iran reignited fears of supply disruptions in the critical Strait of Hormuz, a key route for global seaborne crude flows. A modest uptick was noted in the US 10-year Treasury yield after yields tested one-month low on Friday. The US 10-year Treasury yield is currently quoting at 4.27%.

Published by HT Digital Content Services with permission from Capital Market....