Indian government bonds were
trading with a negative tilt in early deals on Monday, as fresh
escalations in the U.S.-Iran war pushed up oil prices, derailing
optimism after a supportive central bank policy decision.The yield on the benchmark 6.48% 2035 note was at 6.9758% as of 10:30 a.m. IST, after closing at 6.9772% on Friday after the policy decision. Yields move inversely to bond prices.On Friday, the yields had declined 2-3 basis points at the
long end, and above 10 bps at the shorter end.The benchmark Brent crude contract jumped 4.5% and was
