India 10-year yield hits over two-year high as supply angst adds to global woes

Recent trends show Indian government bonds plummeting, thus elevating benchmark yields to a two-year high. The government aims to secure substantial funds through bond sales projected at 7.86 trillion rupees by March. However, a pivot toward longer-dated bonds has intensified trader apprehension over looming rate hikes, compounded by global yield fluctuations and rising crude oil prices that influence local financial conditions.