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Indian government bonds slipped Thursday as traders awaited the Reserve Bank of India's rate decision on Friday. Markets expect a pause, but Standard Chartered, Capital Economics, ANZ, MUFG, and OCBC all forecast a 25-basis-point hike, while rising oil prices add inflation risk.
India's 10-year government bond yield hit a three-week high on Tuesday after crude oil crossed $110 a barrel following a breakdown in U.S.-Iran nuclear talks. Higher oil raises India's import bill and inflation risk, pressuring the RBI to keep rates tight.
India's 6.48% 2035 bond yield climbed to 6.9056% Friday, up from 6.8884% the prior session, as an approaching government debt auction and oil price risks dampened demand. Fresh sovereign supply and potential crude-driven fiscal pressure are squeezing appetite for longer-duration paper.
Tag
Indian government bonds slipped Thursday as traders awaited the Reserve Bank of India's rate decision on Friday. Markets expect a pause, but Standard Chartered, Capital Economics, ANZ, MUFG, and OCBC all forecast a 25-basis-point hike, while rising oil prices add inflation risk.
24d ago · 3 min · Markets
India's 10-year government bond yield hit a three-week high on Tuesday after crude oil crossed $110 a barrel following a breakdown in U.S.-Iran nuclear talks. Higher oil raises India's import bill and inflation risk, pressuring the RBI to keep rates tight.
2mo ago · 2 min · Markets
India's 6.48% 2035 bond yield climbed to 6.9056% Friday, up from 6.8884% the prior session, as an approaching government debt auction and oil price risks dampened demand. Fresh sovereign supply and potential crude-driven fiscal pressure are squeezing appetite for longer-duration paper.
2mo ago · 1 min · Markets
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