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India bonds to edge up on steady US yields, oil prices
MUMBAI: Indian government bonds may firm modestly on Wednesday, buoyed by steadier US Treasury yields and oil prices, while investors look for cues on the Reserve Bank of India’s rate trajectory as US rate hike expectations ease. The benchmark 6.94% 2036 bond yield may trade in the 7.14% to 7.18% range after ending at 7.1628% on Tuesday, a private bank trader said, adding that a sustained break below the key 7.15% level could unleash some buying. The 10-year yield was headed for its biggest monthly rise of the financial year, as oil prices sustained above $100 a barrel, US yields scaled multi-...
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