India bonds slip as profit booking, higher US yields weigh
After a turbulent trading day, Indian government bonds ended lower on Tuesday. Profit booking led to a notable spike in the 10-year yield, marking its largest climb in more than two weeks. Caution grew among investors due to rising United States yields, heightened geopolitical tensions in the Middle East, and slightly climbing oil prices. Nevertheless, robust foreign inflows and improved monsoon rainfall mitigated the overall rise in yields.
