Indian government bond yields are expected to be largely unchanged on Tuesday as market participants eye key inflation data in India and the US, followed by the Federal Reserve’s monetary policy decision on Wednesday.
India’s benchmark 10-year yield is likely to move in a 7.01 per cent-7.05 per cent range, following its previous close of 7.0331 per cent, a trader with a state-run bank said.
“The focus would now remain on the inflation prints, with the US data more crucial for markets as it could guide the Fed’s guidance as well as the dot plot for 2024,” the trader said.
India consumer inflation likely snapped a four-month downward trend in May due to rapidly rising food costs, according to a Reuters poll of 50 economists conducted between June 5-10 that predicted consumer price inflation (CPI) is expected to have picked up to 4.89 per cent from April’s…
