Mumbai, April 2 -- The central government bonds yield extended their recent upmove on the fiscal year's first trading day, pushing the 10-year yield well above 7%. Soaring crude oil prices dominated the proceedings after the US President Donald Trump said attacks on Iran would continue. Domestic traders also stayed cautious ahead of a debt sale. The benchmark 6.48% 2035 bond yield hit 7.09% - recording its highest level since May, 2024. Brent crude has rallied around 6.60% to $108 per barrel on Trump comments. The yield zoomed around 40 basis points in March. Meanwhile, the benchmark US 10-year Treasury yield has stabilized near 4.25% this week despite volatile equities and soaring oil prices.

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