Indian government bonds traded in a narrow range early on Tuesday as markets shrugged off a rise in U.S. Treasury yields and awaited a firm domestic catalyst to drive further moves.
Bond prices move inversely to yields.
The yield on the benchmark 10-year bond was at 6.2943% as on 9:45 a.m. IST, after closing at 6.2933% on Monday.
India bonds stuck in narrow range despite rise in US peers
Indian government bonds traded narrowly as markets disregarded rising U.S. Treasury yields, awaiting a domestic catalyst. The benchmark 10-year bond yield stood at 6.2943%. Traders are closely monitoring the Reserve Bank of India’s liquidity management actions amid elevated banking system liquidity, with overnight rates below the monetary policy corridor.
“There are literally no cues for traders to take the yields in any direction, so this week should see light trading,” the trader said.
Treasury yields rose on Monday as President Donald Trump…
