MUMBAI, Nov 29 (Reuters) – Indian government bond yields were higher in the early session on Tuesday as a rebound in oil prices and fresh bid from sovereign debt sales prompted traders to scale back their bond holdings.

The benchmark 10-year yield as of 10:10 IST was 7.2925%. The yield fell three basis points on Monday to end at 7.2736%.

Nine states plan to raise 127 billion rupees ($1.56 billion) by selling bonds with maturities of five to 21 years.

“Since the…