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Image used for illustrative purpose. Mumbai's skyline is seen April 9, 2008. Punit Paranjpe, Reuters
MUMBAI: Indian government bond yields were higher in early trades on Tuesday, as the 10-year U.S. Treasury yield crossed 3%, while traders focussed on fresh state debt supply later in session.
The benchmark 10-year government bond yield was at 7.3026% as of 0335 GMT. The yield had risen 9 basis points in last three sessions and ended at 7.2702% on Monday.
The 10-year U.S. yield rose above 3.00% on Monday as market expects Federal Reserve to continue to rate hikes in order to clamp down inflationary pressures. (Reporting by Dharamraj Lalit Dhutia; Editing by Neha Arora)