Foreign inflows on the first day of Indian debt getting included in JPMorgan debt index were weaker than estimated. (File Photo)
Indian government bond yields moved up at the start of the new quarter, following Treasury yields, while foreign inflows on the first day of Indian debt getting included in a global index were weaker than estimated.
The benchmark 10-year yield was at 7.0191 per cent as of 10:00 a.m. IST on Monday, following its previous close of 7.0095 per cent. The yield rose 4 basis points (bps) last week, but posted its third consecutive quarterly decline.
“For now, it seems 7 per cent will become the bottom support unless we see some revival in foreign flows or a correction in Treasury yields,” trader with a primary dealership said.
US yields rose on Friday and gained further during Asia hours as uncertainty around the US…
