MUMBAI, April 10 (Reuters) – Indian government bond
yields inched lower in early trading on Wednesday as U.S. yields
retreated, with focus shifting to inflation data in the world’s
largest economy for insights on the interest rate outlook.
The benchmark 10-year yield was at 7.1208% as
of 10:00 a.m. IST, after closing at 7.1501% in the previous
session, the highest closing level since Jan. 31.
India’s financial markets will be closed on Thursday for a
holiday.
“There is some relief from the selling pressure that we
witnessed over last few days, as Treasury yields have eased, but
major action can be expected after inflation print,” trader with
a primary dealership said.
U.S. Treasury yields eased amid value purchases after the
benchmark 10-year yield rose above 4.45% on Monday.
The 10-year yield was last quoted at 4.36% in Asia hours.
Traders are awaiting U.S….
