Bond yields likely to climb more

India’s bond investors seem to have gotten tired of the incessant supply of fixed income papers at a time when regulatory requirement for them are reducing progressively.
 
And, with inflation rising, chances of the Reserve Bank of India (RBI) cutting rates have almost nullified. As a result, bond yields have been rising and this should be a cause for concern for everyone as the 10-year bond yield is considered the benchmark interest rate of the economy. Bond yields and prices move in opposite direction.
 
The 10-year bond yield rose to as high as 7.22 per cent in the