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India bond yields little changed ahead of debt sale
India bond yields little changed ahead of debt sale
Indian government bond yields remained steady as traders awaited debt supply and local inflation data later in the day. India seeks to raise $4.77bn through bonds, which include 120 billion rupees of the liquid 2036 paper along with other bonds. The market awaits the auction cut-off to gauge the demand from long-term investors. Yields eased following the cooling of US inflation, which suggested that the US Federal Reserve would pause its rate hike cycle. The benchmark bond yield is expected to remain within the 7% to 7.05% range during the session.
Indian government bond yields remained steady as traders awaited debt supply and local inflation data later in the day. India seeks to raise $4.77bn through bonds, which include 120 billion rupees of the liquid 2036 paper along with other bonds. The market awaits the auction cut-off to gauge the demand from long-term investors. Yields eased following the cooling of US inflation, which suggested that the US Federal Reserve would pause its rate hike cycle. The benchmark bond yield is expected to remain within the 7% to 7.05% range during the session.
Indian government bond yields remained steady as traders awaited debt supply and local inflation data later in the day. India seeks to raise $4.77bn through bonds, which include 120 billion rupees of the liquid 2036 paper along with other bonds. The market awaits the auction cut-off to gauge the demand from long-term investors. Yields eased following the cooling of US inflation, which suggested that the US Federal Reserve would pause its rate hike cycle. The benchmark bond yield is expected to remain within the 7% to 7.05% range during the session. 
