India 10 year bond tumbles on auction rout as Gulf war jitters spike yields

Yields jumped fast after the auction upset

India’s 10-year bond sold off sharply, marking the month’s worst decline, as an auction rout rattled investors. The move comes as geopolitical stress in the Gulf adds pressure to global risk sentiment, pushing yields higher. President Trump said a ceasefire remained in place despite renewed fighting, but markets focused on volatility.