This has led to a selloff in longer-dated papers, even as short-term bonds are seen supported as bets of rates cuts from Federal Reserve remain unchanged | Image: Shutterstock
Indian government bond yields were largely unchanged in early trade on Tuesday, showing a muted reaction to a renewed selloff in Treasuries that were hit by rising political uncertainties.
The benchmark 10-year yield was at 7.0055 per cent as of 10:00 a.m. IST, following its previous close of 7.0105 per cent.
“Overall activity is expected to remain shallow with benchmark bond yield stuck around the 7 per cent mark, unless we have some new trigger,” a trader with a private bank said.
US bond yields rose on Monday, with the 10-year yield rising to a one-month high and nearly hitting 4.50 per cent as uncertainty around the US presidential election as well as the French elections led to…
