Mumbai, April 16 -- Indian bond yields are stabilizing after recent decline under 7% mark. The benchmark 10-year bond yield quotes at 6.88%, up marginally on the day. Crude oil prices moved higher after testing one-week low and Brent futures are currently quoting at $95 per barrel. In global markets, a modest uptick was noted in the US 10-year Treasury yield though overall movement is mostly tight after US annual Producer Price Index rose to 4.0% in March, marking a deceleration from February's revised 4.3% rise. Domestic yields are likely to hold in a range as India's WPI inflation rose to 3.88% in March, a 3-year high, reflecting uptick in price pressures owing to geopolitical scenario and a recent spike in oil prices.

Published by HT ...