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India bonds set for yet another selloff as Treasury rout deepens
MUMBAI: Indian government bonds will see a large gap-down opening on Friday, tracking a relentless spike in US Treasury yields while elevated oil prices and a large supply of domestic debt add further pressure. The benchmark 6.94% 2036 bond yield is expected to trade between 7.10% and 7.15% till the debt auction, according to a trader with a primary dealership, after ending at 7.1067% on Thursday. New Delhi is to sell benchmark paper worth 340 billion rupees ($3.54 billion) later in the day. “It will be a blood bath today, and confidence of bulls would be tested,” the trader said. US Treasury ...
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