MUMBAI, Feb 20 (Reuters) – Indian government bond yields
were little changed in the early session on Tuesday as traders
awaited a fresh supply of debt through states, while not
reacting much to yet another spike in U.S. peers.
India’s benchmark 10-year yield was at
7.0953% as of 10:00 a.m. IST, following its previous close of
7.0968%.
Thirteen Indian states aim to raise 302 billion rupees
($3.64 billion) through the sale of bonds later in the day.
The quantum, though lower than scheduled, is the highest
since the end of November and may test investor appetite.
The auction comes after the central government completed its
planned borrowing for the current financial year, with long-term
investors continuing to receive more inflows.
“Investors are bullish and with no more supply from the
centre, it would take a major negative trigger for the benchmark
yield to break…
