The benchmark 10-year yield was at 6.9854 per cent as of 10:20 a.m., following its previous close at 6.9926 per cent.
Indian government bond yields edged lower in the early session on Monday, tracking a decline in their U.S. peers, after jobs data in the world’s biggest economy boosted expectations that the Federal Reserve will begin to lower interest rates in September.
The benchmark 10-year yield was at 6.9854 per cent as of 10:20 a.m., following its previous close at 6.9926 per cent.
“Amid the lack of any directional local cues, government bond yields will continue to track global cues like U.S. yields and oil prices,” a trader with a private bank said.
U.S. yields declined on Friday after data showed nonfarm payrolls grew by a slightly higher-than-expected 206,000 jobs in June, but the count for April and May was revised lower by 111,000,…
