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India bonds may steady after rout, but US yield, supply risks persist
MUMBAI: Indian bonds are likely to find a wary foothold early on Tuesday after a punishing rout drove the benchmark yield to a more than two-year high, though elevated US yields, sticky oil prices and supply are likely to keep the market on edge. The yield on the benchmark 6.94% 2036 bond may trade in a 7.15% to 7.20% band, traders said, after ending at 7.1848% on Monday. US Treasury yields eased in Asian trade after scaling multi-year peaks overnight, as markets braced for a more forceful Federal Reserve tightening cycle. The 10-year yield touched its highest since June 2007 before retreating...
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