India’s 10-year bond yield hits 3-year high as RBI’s liquidity measure weighs on demand

What happened: The yield on India's benchmark 6.94% 2036 bond rose to 7.3707%, a three-year high, as RBI liquidity measures weighed on demand. Key numbers: Yield rose from 7.2994% on Friday. Yields climbed eight consecutive weeks, up 54 basis points. Why it matters: The steps raised questions over the RBI's policy approach, days after it raised its key rate for the first time in nearly four years and signalled possible further hikes. Elevated oil prices and FII outflows continue to weigh on markets. Coverage: 3 outlets in 24h

India’s 10-year bond yield hit a 3-year high as RBI’s liquidity measure weighed on demand.

India’s 10-year bond yield hit a 3-year high as RBI’s liquidity measure weighed on demand. — impact context not separately stored; see What changed.