MUMBAI: Government bond yields are expected to open higher on Wednesday, as the benchmark Brent crude contract touching over $100 per barrel added to prevailing unease over inflation.
The benchmark 10-year government bond yield is likely to fluctuate in 7.26%-7.32% band, a trader with a private bank said. The yield has risen 10 basis points in the last four sessions. It had ended at 7.2811% on Tuesday.
“Oil, which was giving comfort for last few sessions, is back to $100 per barrel levels, and this is another major negative a time when inflation concerns are already hurting,” the trader said.
