Indian government bonds edged higher in early deals on Monday, with bulls lapping up debt after an uptick in U.S. Treasuries, ahead of the Reserve Bank of India‘s (RBI) rate setting outcome this week.
The yield on the benchmark 10-year bond was at 6.3366% as of 10:00 a.m. IST, compared with Friday’s close of 6.3680%.
Bond yields move inversely to prices.
India bonds rise tracking US peers; RBI policy in focus
Indian government bonds saw a rise early Monday, fueled by an increase in U.S. Treasuries and anticipation of the RBI’s upcoming rate decision. The 10-year bond yield decreased to 6.3366%. Experts predict the RBI will likely maintain current interest rates. Lower inflation and U.S.
“With domestic inflation undershooting expectations and softer non-farm payrolls data in the U.S., people will be comfortable with rates,” said Gopal Tripathi, head of treasury and capital markets at Jana Small Finance Bank.
“The domestic bond yield…
