MUMBAI, July 3 (Reuters) – Indian government bond yields
were marginally down early on Wednesday amid a pullback in U.S.
Treasury yields, while traders still assessed the pace of
foreign inflows into debt after domestic securities were
included in a global index.
The benchmark 10-year yield was at 7.0030% as
of 10:00 a.m. IST, following its previous close of 7.0112%.
“Though there are no immediate positive triggers, the market
is also sure that yields do not have much upside, and since the
10-year U.S. yield has not crossed the 4.50% handle, we are
seeing marginal easing,” the trader said.
The 10-year U.S. yield eased to 4.44% on Tuesday
after job openings, a measure of labour demand, rose 221,000 to
8.140 million on the last day of May, the lowest level since
February 2021.
Federal Reserve Chair Jerome Powell said the central bank
still needed more data before cutting interest…
