Indian government bonds rose early on Thursday as likely central bank intervention in the debt and FX markets supported sentiment, even as escalating Middle East conflict, higher oil prices and macro worries curbed risk appetite. Clearing house data showed an investor category comprising insurers, pension funds, corporates and the Reserve Bank of India net bought a record 202 billion rupees ($2.19 billion) of bonds on Wednesday. Traders said the RBI likely stepped in to buy debt to support demand, prompting a late-session recovery on Wednesday, when the 10-year yield ended nearly flat after rising 5 basis points.