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India 10-yr bond yields jump to 1-yr high on record borrowing plan in FY27

India's bond market saw a negative start on Monday, with benchmark 10-year bond yields rising to the highest in over a year, as the government announced a record-high gross borrowing plan in the Union Budget 2026.  The 10-year yield rose as much as 8 basis points (bps) to 6.78 per cent, the highest since Jan. 17, 2025, and the steepest intraday gain since August 29, 2025. So far this year, the yields have risen 2.63 per cent. [...]