New Delhi, Dec. 4 -- Stronger-than-expected economic growth has led to hardening of bond yields, leaving the market divided over the Reserve Bank of India's upcoming monetary policy decision, a report by Union Bank of India stated.

According to the report, global fixed income markets remained modestly higher during the week as investors balanced growth resilience with ongoing central bank policy normalization.

In the domestic market, India's 10-year Government Security yield rose to 6.49 per cent, driven by robust Q2 FY26 GDP growth of 8.2 per cent year-on-year, which reduced expectations of a possible repo rate cut on December 5.

The report stated "the stronger than expected GDP print, traders cut the probability of a December move, s...