India's 10-year government bond yield just climbed to 7.3079%, bouncing back after last week's dip.
The main reason? Inflation in India hit 6.09% in October, higher than the Reserve Bank of India's target, which has people thinking interest rates might go up soon.
Rising prices in the US are also adding to the uncertainty.
India benchmark issuance hits ₹272000cr
The jump follows a recent drop, showing how unpredictable things are right now.
Umesh Tulsyan, managing director at Sovereign Global Markets, points to higher-than-expected inflation and global tensions as key reasons for the move.
Meanwhile, India set a new record, with outstanding issuance of the benchmark paper rising to 2.72 trillion rupees, the highest for any paper, and over in the US its 10-year Treasury yield is up too, with some traders betting on another Federal Reserve rate hike next month.