US bond yields rose, as traders booked profits after a recent fall, and as yields witnessed a floor. However, the possibility that the Fed could do another outsized rate cut remain intact
Indian government bond yields are expected to marginally reverse their fall in the previous session in early trades on Thursday, as US Treasury yields inched higher.
However, any major move is unlikely, as broader sentiment remains bullish as bets of another larger rate cut from the Federal Reserve remain intact, while some market participants expect a cut in government’s gross borrowing.
The benchmark 10-year yield is likely to move between 6.72 per cent and 6.76 per cent, compared with its previous close of 6.7355 per cent, which was lowest since Feb. 21, 2022, a trader with a primary dealership said.
“There could be some profit booking around opening, but we may not be…
