Mumbai, June 12 -- Government bond yields paused after approaching near five-week high. Softness in US yields and cautiousness ahead of domestic consumer price inflation due later in the day also weighed on sentiments. The yield on the benchmark 10-year bond hovered around 6.30% mark. Bond yields have edged up from a three and half year low since last Friday after the Reserve Bank of India's (RBI) shift in stance to "neutral" disappointed investors as it signalled limited scope for further rate cuts. Yields moved up despite a larger 50 basis points cut that pulled the benchmark RBI interest rates to three-year low.

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