
India's 10-year government bond yield rose to a five-week high on Tuesday, as fading hopes of a U.S.-Iran peace deal and rising crude oil prices overshadowed a softer-than-expected April inflation reading.
Hopes for a deal dimmed after Donald Trump said a ceasefire with Iran was "on life support". Concerns about oil supply deepened after a senior officer in Iran's Islamic Revolutionary Guard Corps Navy said Tehran had expanded its definition of the Strait of Hormuz into a "vast operational area" far wider than before the war.