Indian government bonds inched lower in early deals on Monday, tracking a similar move in U.S. Treasuries, with traders remaining indifferent to a dip in the weekly state debt supply.
The yield on the benchmark 10-year note was at 6.5439% as of 10:30 a.m. IST, after closing at 6.5345% on Friday. It rose 2 basis points last week.
Bond yields rise when prices fall.
India bonds inch lower tracking US Treasuries
Indian government bonds saw a slight dip, mirroring U.S. Treasury movements, as traders awaited developments in the U.S.-China trade deal. Despite lower state debt supply, sentiment remained subdued. Overnight index swap rates showed a steady-to-higher trend, influenced by U.S. Treasury yields.
The 10-year U.S. Treasury yield rose for a third day to 4.0372% in Asian hours. It has risen over 8 basis points since last Wednesday.
Officials on Sunday hashed out the framework of a trade deal for U.S. President Donald Trump and Chinese…
