A selloff in Indian government debt has pushed the yield on 10-year bonds to its highest level since July 2016, as investors assess the country’s monetary-policy outlook. India’s government-bond yields have largely risen since the summer on expectations that inflation will pick up, which would limit the Indian central bank’s ability to further loosen monetary policy. The Reserve Bank of India cut its main lending rate in August.

Source: Wall Street Journal December 22, 2017 07:41 UTC