India's 10-year bond yield crosses 7% amid oil price surge and RBI uncertainty

Indian government bonds declined this week as crude oil prices surged, adding to losses extending into a fourth consecutive week. The weakness in global debt markets compounded the pressure on Treasury yields, while uncertainty over the Reserve Bank of India's liquidity stance further strained sentiment.

The 10-year yield breached the 7% mark as investors weighed multiple headwinds. Market participants are now closely monitoring forthcoming inflation data and signals on the central bank's future policy direction, which could provide clarity on the trajectory of yields ahead.