Indian government bond yields inched up in early deals on Monday, tracking higher U.S. Treasury yields and oil prices, while the Federal Reserve’s policy decision this week was also on traders’ radar.
The yield on the 10-year benchmark was 6.4938% as of 10:30 a.m. IST. It closed at 6.4867% on Friday.
The 10-year U.S. Treasury yield rose about 5 bps to close at 4.06% on Friday, as investors digested weak data that opens the door for the Fed’s first monetary policy easing in nine months.
India bond yields track US peers higher before Fed policy meet
Indian government bond yields edged higher, mirroring U.S. Treasury yields and oil price increases, as investors anticipate the Federal Reserve’s policy decision. Traders are cautiously awaiting commentary from Fed Chair Jerome Powell to assess the U.S. interest rate path. Market participants also await cues on the Reserve Bank of India’s rate easing trajectory for further direction.
The…
