India's 10-year bond yield spikes to 6.68% as retail inflation rises

The yield on 10 year government of India bonds, benchmark paper, rose sharply to 6.68 per cent in morning trades as all India consumer inflation gallops to over seven per cent mark for the month of December 2019.

The yield opened at 6.15 per cent mark and moved up further to hover around 6.68 per cent level, according to Clearing Corporation of India Ltd ( CCIL) data.

The 10-Y benchmark yield had ended at 6.60 per cent on Monday compared to the previous close of 6.59 per cent on Friday.

Indian Government bonds ended lower on Monday on fears of a sharp rise