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Bonds under fire as oil, US yields compound supply woes

Indian government bonds plummeted on Monday, as surging oil prices and rising U.S. Treasury yields weighed on sentiment. The benchmark 6.48% 2035 bond yield was at 6.8261% as of 10:30 a.m. IST, up 9 basis points, and after closing at 6.7369% on Friday. Bond yields ‌move inversely ⁠to ⁠prices. [...]