India 10-year bond yield tops 7.35% as RBI's liquidity clamp down hurts

On Monday, Indian government bonds experienced a significant decline due to central bank measures affecting liquidity. The benchmark 6.94% 2036 bond yield rose to its highest level in three years. The Reserve Bank of India announced it would sell 250 billion rupees of bonds to tighten liquidity. Meanwhile, the benchmark Brent crude price remained above $100 per barrel, impacting inflation.