Indian 10-year bond yield tops 7% on global debt rout, oil rally

Indian government bonds declined early Wednesday, with yields briefly exceeding seven percent. A global debt selloff and rising oil prices are impacting investor sentiment. Higher developed market yields reduce emerging market debt attractiveness and can spur outflows. Brent crude prices surged, increasing India's vulnerability to inflation and fiscal strain. Markets now anticipate tighter monetary policy from both the US Federal Reserve and the Reserve Bank of India.