The yield on the 6.79% government bond maturing in 2034 was at 6.2696% as of 10:30 a.m. IST, compared with the previous close of 6.2742%.
The yield on the new 10-year benchmark 6.33% bond maturing in 2035 was at 6.2246%, versus its previous close of 6.2302%.
Indian government bonds experienced gains in early trading, influenced by rising U.S. Treasuries, as traders prepared for a weekly debt sale. The positive sentiment was further supported by signs of a slowing U.S. economy, increasing expectations of Federal Reserve interest rate cuts.
Yields move inversely to bond prices.
The yield on the 10-year U.S. Treasury fell 10 basis points from Wednesday’s high of 4.52%, as key data showed signs of a sluggish U.S. economy, boosting bets that the…
