Indian government bonds rose slightly in early trading on Thursday, with traders optimistic ahead of inflation data releases in the U.S. and India, which could shape expectations for monetary policy easing in both nations.
The yield on the 10-year benchmark note was at 6.4737%, as of 10:40 a.m IST. It closed at 6.4790% on Wednesday.
Bond yields move inversely to prices.
India bonds inch higher as traders eye US, domestic inflation data
Indian government bonds saw a slight increase early Thursday. Traders are optimistic, awaiting inflation data from the U.S. and India. These figures could influence monetary policy easing in both countries. U.S. retail inflation data is due soon. India’s inflation data is expected Friday. New Delhi plans to raise 280 billion rupees through bond sales on Friday.
U.S retail inflation for August is due after Indian market hours, with a Reuters poll predicting the reading at 2.9% year-on-year against 2.7%…
