The yield on the benchmark 6.94% 2036 note dropped 3.2 basis points to 6.8637%, its lowest intraday level since March 25. The yield is now 20 bps above pre-war levels.
The Indian 10-year bond yield has fallen to a 12-week low, reaching 6.8637%, its lowest intraday level since March 25. This decline is attributed to a US-Iran peace deal and a subsequent slide in crude oil prices. The current yield stands 20 basis points above pre-war levels.
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