Government bonds | Image:Shutterstock
Government bond yields: The government bond yields are anticipated to experience slight downward pressure in early trading on Friday, mirroring movements in US counterparts, with market attention shifting towards the weekly debt auction for further guidance.
According to a trader from a state-run bank, the benchmark 10-year yield, currently hovering around 7.1321 per cent, is likely to fluctuate within a range of 7.10 per cent to 7.15 per cent.
“With no clear directional signals, the yield is expected to trade within a narrow band throughout the day. Investors are awaiting US and domestic inflation data next week,” remarked the trader.
The US Treasury yields dipped on Thursday in anticipation of crucial inflation reports crucial for the Federal Reserve’s interest rate strategy. The downward trajectory in yields has been influenced by lower-than-expected April payrolls.
“While a moderation in US…
