Worsening Iran War Pushes Bond Yields Up 7 Bps, Crude Oil Beyond $100 Mark
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Bond Yields Spike 7 Bps, Crude Soars Past $110 Amid Worsening Iran War
M
Moneycontrol•09-03-2026, 09:34
Bond Yields Spike 7 Bps, Crude Soars Past $110 Amid Worsening Iran War
•Indian sovereign bond yields surged 7 basis points on March 9, with the benchmark 10-year yield hitting 6.7518%.
•Crude oil prices blew past $110 a barrel, driven by the escalating US-Israel and Iran war, now in its second week, sparking oil shock fears.
•Brent crude has jumped over 25% this month, impacting global businesses and leading to concerns over fuel supplies.
•The Reserve Bank of India (RBI) intervened by buying bonds to cap the 10-year yield below 6.7% and announced plans to purchase Rs 50,000 crore worth of bonds for liquidity.
•The Indian Rupee tanked 47 paise to Rs 92.21 against the dollar, nearing its record low of Rs 92.31 due to rising oil prices.
