Indian government bond yields are likely to continue their dipping trend in early deals on Friday, after U.S. inflation data did little to change expectations of a rate cut from the Federal Reserve next week.
The yield on the 10-year benchmark note is expected to be in the 6.45%-6.49% range, said a trader at a private bank. It closed at 6.4666% on Thursday.
Still, any large declines will be capped amid profit booking as well as ahead of fresh debt supply, as New Delhi aims to raise 280 billion rupees ($3.17 billion) through the sale of bonds later in the day.
India bond yields likely to dip as US inflation data supports Fed cuts
Indian government bond yields are expected to fall further. This follows U.S. inflation data that supports expectations of a Federal Reserve rate cut. The yield on the 10-year benchmark note is likely to be between 6.45% and 6.49%. India will auction sovereign bonds worth 280 billion rupees. The Reserve Bank…
