By Khushi Malhotra
Indian government bonds inched up in early trading on Monday, tracking a surge in U.S. Treasuries, while traders also awaited domestic consumer inflation data due later in the day.
The yield on the benchmark 10-year note (IN063335G=CC) was at 6.5288% as of 11:00 a.m. IST. It ended at 6.5370% on Friday.
Bond yields move inversely to prices.
On Friday, U.S. Treasury yields dropped to multi-week lows, as investors moved to a safe haven following President Donald Trump’s threats to massively increase tariffs on Chinese imports.
The 10-year U.S. Treasury yield US10Y fell nearly 10 basis points in the previous session to 4.0510%.
Investor focus is also on India’s consumer inflation data. A Reuters poll of economists showed the inflation rate likely eased back below the lower end of the RBI’s 2-6% target range to 1.70% in September on persistent cooling in food prices.
“We expect inflation to be lower than 2%, so markets…
