Bonds Explained: Rising bond yields and the reason behind it Updated : August 22, 2020 09:02 AM IST Since March, bond prices have been rallying. Then in July the bond prices consolidated and now in August bond prices are falling. On Thursday, yields rose back above 6% after the Reserve Bank of India (RBI) hinted of prolonged pause in the interest rate cut due to high retail inflation. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.