Indian bonds slip again as auctions loom and US Iran talks sway yields

Yields climb as investors weigh peace talks and debt auctions

Indian government bonds eased after a recent rally, with investors turning cautious ahead of upcoming debt auctions. At the same time, shifting US Iran peace talk expectations added uncertainty for risk appetite, pushing bond yields higher. The combination of heavy supply expectations and global geopolitical developments kept demand muted and helped reverse earlier gains in the market.