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Bond yields rise as spike in oil prices hurts sentiment

IndiaTimes Monday, 16 October 2023
Government bond yields increased due to a rise in oil prices and uncertainty about the central bank's decision on additional supply. The spike in crude prices, driven by Middle East violence, raised concerns about oil supply. This, combined with elevated inflation and the central bank's plan to sell bonds, led to higher yields. State-run banks initially showed interest in buying bonds, but liquidity tightness may slow down purchases.
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