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India bonds under pressure before debt supply; hot inflation prints pinch further
MUMBAI: Indian government bonds came under heavy selling pressure in early trades on Friday ahead of fresh supply of the benchmark paper, while inflation in India crossing the central bank’s target and elevated US inflation clouded the interest-rate outlook. The benchmark 6.94% 2036 bond yield was 7.3113% as of 10:00 a.m. IST, up from 7.2467% on Thursday. The yield has risen by more than 16 basis points over the last three sessions. New Delhi plans to sell 340 billion rupees ($3.62 billion) of the benchmark 2036 paper later in the day, taking its outstanding issuance to 2.72 trillion rupees, t...
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