Mumbai, Oct. 28 -- Indian government bond yields saw volatile moves and turned lower lower ahead of the Federal Reserve's policy decision. The benchmark 6.94% 2036 bond yield slipped to 7.42%, falling nearly six basis points in intraday moves after a similar drop-in last session. The 10-year bond yield had dropped by nearly five basis points on Tuesday, its sharpest single-day drop in three months, after failing to breach 7.50%. Yields are still just under four-year high mark and overall outlook is highly cautious for bond markets amid a sustained upward spiral for global crude oil prices. Brent crude oil futures have hit a multi-month high of $116 per barrel following media reports of an attack on Saudi Arabia's biggest refinery.

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