US yields eased on Tuesday after data showed retail sales in the world’s largest economy was weaker than expected in May (Photo: Shutterstock)
Indian government bond yields dipped marginally in early trade on Wednesday, tracking US Treasury yields after soft retail sales data.
India’s benchmark 10-year yield was at 6.9675 per cent as of 10:25 a.m. IST, following its previous close of 6.9789 per cent.
“For the benchmark bond yield to break the current 6.97 per cent-6.98 per cent zone, we will need something big,” a trader with a primary dealership said.
US yields eased on Tuesday after data showed retail sales in the world’s largest economy was weaker than expected in May, reinforcing expectations that the Federal Reserve is likely to start lowering interest rates this year.
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