Indian government bond yields climbed sharply after US Federal Reserve Chair Jerome Powell reiterated that additional rate cuts are not guaranteed, fueling concerns of tighter global liquidity. The 10-year benchmark yield breached key resistance levels as traders trimmed positions. Domestic investors adjusted portfolios in anticipation of elevated borrowing costs and reduced foreign inflows. Market strategists noted that the move mirrors global risk repricing following Powell’s comments. Analysts expect yields to remain elevated until inflation data or policy guidance offers clearer direction.