August 07:
Aug 8 (Reuters) - India's benchmark 10-year bond yield rose to its highest level since end-April in early trade on Friday as investors sold debt amid rising geo-political tensions while higher global crude oil prices also weighed.
Traders are now awaiting the outcome of the 140-billion-rupee debt sale for further direction.
The benchmark 10-year bond yield rose 3 basis points to 8.88 percent, its highest since April 28. The new 10-year paper also rose 3 bps to 8.66 percent.
Oil prices on both sides of the Atlantic rose more than $1 on Friday, with Brent nearing $107 a barrel after the United States approved air strikes against Islamic militants in Iraq, raising the threat of oil disruptions from the key oil producer. (Reporting by Swati Bhat; Editing by Anupama Dwivedi)
Source: in.reuters.com/article/2014/08/08/india-bonds-fall-idINL4N0QE1B920140808?rpc=401&feedType=RSS&feedName=domesticNews&rpc=401
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