The benchmark 10-year US yield fell to 4.35 per cent on Wednesday. (Photo: Bloomberg)
Indian government bond yields were lower in the early session on Thursday following a slump in US peers as weak economic data in the world’s largest economy strengthened bets of interest rate cuts.
The benchmark 10-year yield was at 6.9934 per cent as of 10:00 a.m. IST, following its previous close at 6.9987 per cent. “The downward move in US Treasury yields has led to some positive move in local bonds and the benchmark should remain a tad below the 7 per cent handle for today and tomorrow,” a trader with a primary dealership said.
Any further decline, however, was unlikely as the market awaited debt supply on Friday, with New Delhi aiming to raise 280 billion rupees ($3.35 billion).
The benchmark 10-year US yield fell to 4.35 per cent on Wednesday, as…
