Bond yields jump again as Brent hits $115 before Fed call
The 10-year yield rose 4 basis points to 7.48%, undoing most of Tuesday's rally, after an attack on a Saudi refinery pushed oil higher.
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India's benchmark 10-year bond yield rose 4 basis points to 7.4772% on Wednesday morning, reversing most of Tuesday's fall.
Brent crude rose 1.5% to $115.40 a barrel after an attack on Saudi Arabia's biggest refinery.
Swap markets now price in nearly 125 basis points of RBI rate hikes over the next year, ahead of the US Fed's decision tonight.