Indian government bond yields increased slightly on Monday to follow the upward trend of US Treasury yields, with expectations of another interest rate hike by the Federal Reserve in the US. India's 10-year benchmark bond yield 7.26% 2033 increased to 7.0302% from 7.0081% in the previous session. US President Joe Biden's agreement with top Republican Kevin McCarthy to suspend the USD 31.4tn debt ceiling until 2025 will trigger debt markets, while waiting for India's economic growth data to predict the Reserve Bank of India's monetary policy response in the coming days.
