The yield on India’s 10-year G-Sec rose to around 6.97%, extending gains to a two-week high as global risk sentiment weakened and energy markets remained volatile. Global crude prices extended their advance for a fifth straight session, with Brent crude climbing above $105.50 a barrel, as uncertainty over stalled US–Iran negotiations kept supply risks elevated. The oil surge has reinforced inflation concerns and pressured sovereign debt markets, pushing global bond yields higher. US Treasury yields have also risen alongside a stronger dollar, as investors shift to safer assets amid worsening geopolitical conditions. However, the upside in yields was partly tempered by sustained foreign portfolio outflows from Indian equities, with cumulative withdrawals earlier this month briefly exceeding last year’s record annual exit of $18.79 billion.
