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Benchmark bond yield hits 14-month high as oil surge fuels concerns

Indian benchmark bond yield rose to a 14-month high on Monday, possibly due to surge in Brent crude oil prices amid escalating conflict in the West Asia. The 10-year government bond yield was trading at 6.8173 per cent around 11 am on Monday, as compared to Friday's close of 6.737 per cent. The yield is highest since January 14, 2025, according to the data compiled from market participants. [...]