MUMBAI: Indian federal bond yields were flat, propped by buying interest by state-owned banks after a spike in yields driven by the possibility of an unscheduled auction this week.
At 9:07 a.m. (0337 GMT), the 10-year benchmark bond yield was flat at Friday's close of 8.23 percent. It closed up 3 basis points on Friday.
Oil prices, which held near a 10-month high in Asian trade as Iran tensions on heightened supply concerns, weighed on bonds.
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