India bonds end three-day losing streak but post second straight weekly decline

India's benchmark 10-year bond yield ended at 6.8253% on Friday, halting a three-day losing streak but still posting a weekly rise of four basis points amid elevated oil prices and stronger US Treasury yields. Brent crude briefly crossed USD 100 a barrel driven by US-Iran tensions, while the US 10-year Treasury yield hit 4.70%, the highest since January 2025, pushing the implied odds of a July Fed rate hike to 30%. Foreign investors continued buying Indian debt though at a slower pace, with about 47% of July purchases concentrated in bonds maturing within five years.