Why India's 10-year bond yield is at highest in weeks
Business
India's 10-year government bond yield shot up to 6.71% last week, its highest in weeks, driven by ongoing tensions in the Middle East.
Impact of rising bond yields
When bond yields rise like this, it usually means borrowing money, whether for the government or businesses, gets more expensive.
That can slow down economic growth and even make things like home loans pricier for everyone.
What does the rise mean?
The jump past the 6.70% technical resistance is partly because India relies on importing most of its crude oil, making it sensitive to global shocks.
The Reserve Bank of India has tried to keep things steady with bond purchases, but so far, volatility remains high thanks to uncertain global conditions.