Indian bond yields rise as local inflation print weighs

The Indian government bond yields ended higher on Tuesday as local retail inflation stayed above the central bank’s target, cementing bets of another hike in policy rates next month. Higher state debt sale added to supply, while rise in the 10-year U.S. yield also weighed. The 10-year benchmark 7.26% 2032 bond yield ended at 7.3841%, after closing lower at 7.3579% on Monday. “Local bonds are completely tracking the movement in U.