New Delhi, March 25 -- Indian government bonds inched higher on Wednesday, with yields easing marginally after crude oil prices slipped below the $100-per-barrel mark amid reports of a potential US-Iran ceasefire plan.

The benchmark 6.48% 2035 bond yield stood at 6.8633%, compared with its previous close of 6.8681% on Tuesday. Bond yields move inversely to prices. Meanwhile, the yield on the US 10-year Treasury note declined by 5 basis points to 4.338%.

The uptick in bond prices followed a sharp decline in crude oil prices, which helped ease inflationary concerns. The benchmark Brent crude contract was nearly 5% lower at $99.60 per barrel, after falling to an intraday low of $97.15.

Crude oil prices declined on the recent positive deve...