Mumbai, July 28 -- Domestic bond yields continued to rise amid a steady undertone in crude oil prices and focus shifted on near term monetary policy dynamics. The 6.79% GS 2034 bond yields extend rise above 6.30% and held around three-half month high of 6.36%. RBI governor Sanjay Malhotra noted that interest rate decisions will be data driven, according to media reports. He noted that Inflation has come down to about 2.1%, but monetary policy is forward looking, guided more by the outlook 6 to 12 months ahead. Meanwhile, US 10-year Treasury yield stabilized around 4.39% today after falling in last session.

Published by HT Digital Content Services with permission from Capital Market....