Bonds Flat Amid US-Iran Tensions, Crude Prices Under Scrutiny

• Government bond yields edged lower on February 23, with the benchmark 10-year yield easing to 6.71 percent.
• Traders remained cautious, awaiting developments in US-Iran tensions after a volatile previous session.
• Thin trading volumes reflected concerns over crude price volatility's impact on India's fiscal outlook.
• US President Donald Trump's warnings to Iran and Tehran's retaliation threats escalated geopolitical risks.
• Experts warn that expensive crude could worsen India's current account deficit, raise import bills, and fuel inflation, potentially influencing RBI's monetary policy.