India 10Y Yield Hits Over 2-Year High
The yield on India’s 10-year G-Sec rose to around 7.21%, reaching more than two-year highs as elevated US Treasury yields and expectations of a tighter RBI policy weighed on sentiment ahead of next week’s policy decision. The benchmark 6.94% 2036 bond yield closed at 7.19% on Wednesday, a two-and-a-half-year high, afte