New Delhi, July 31 -- HawThe announcement of a 25% tariff by US President Donald Trump on India is likely to hurt the Indian government bonds, with yields expected to cross key levels. Indian rupee is also expected to face the brunt, with a hawkish US Fed commentary likely to add to woes.

The yield on the benchmark 10-year bond is likely to move between 6.36% and 6.40%, a trader at a private bank said, after closing at 6.3700% on Wednesday, according to a Reuters report.

"There could be an upward move in yields, with the technical resistance broken, as not only is the rupee a negative trigger, but the decreasing odds of a rate cut from the Federal Reserve are further hurting," the trader told Reuters.

Trump slapped 25% levy on Indian g...