Back home, demand is expected to remain strong on the last day of the fiscal second quarter, and after state-run banks turned large buyers in the previous week
Indian government bonds are likely to recover marginally on Monday, and yields may dip in opening trades tracking a similar move in US yields, after inflation did not surprise negatively, while bond demand at quarter-end will also support.
The benchmark 10-year yield is likely to move between 6.73 per cent and 6.77 per cent on Monday, compared with its previous close of 6.7609 per cent, trader with a primary dealership said.
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“There is a window of opportunity to get in, and the way state-run banks have bought last week, we would definitely see the benchmark bond yield easing below 6.75 per cent handle today, and stay there for the week,” the trader said.
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