Indian bond yields steady; inflation data awaited
Indian federal bond yields were steady early on Thursday, ahead of inflation data due around noon (0630 GMT) and a 110-billion-rupee debt sale on Friday amid tight cash conditions.
By Agencies |
MUMBAI: Indian federal bond yields were steady early on Thursday, ahead of inflation data due around noon (0630 GMT) and a 110-billion-rupee debt sale on Friday amid tight cash conditions.
At 9:10 am, the yield on the 10-year Indian benchmark bond was at 7.49 per cent, one basis point lower than Wednesday's close. Yields are likely to stay in a tight range and might take further cues from inflation data, traders
said.
Food and fuel price inflation data will be watched after central bank Deputy Governor Subir Gokarn said on Tuesday that food prices were a key driver for inflation.
India will on Thursday decide the date for the next meeting to discuss the issue of deregulation of fuel prices.
US Treasuries clawed into positive territory in another choppy session on Wednesday, as a late sell-off on Wall Street revived safe haven demand for government bonds.
At 9:10 am, the yield on the 10-year Indian benchmark bond was at 7.49 per cent, one basis point lower than Wednesday's close. Yields are likely to stay in a tight range and might take further cues from inflation data, traders
said.
Food and fuel price inflation data will be watched after central bank Deputy Governor Subir Gokarn said on Tuesday that food prices were a key driver for inflation.
India will on Thursday decide the date for the next meeting to discuss the issue of deregulation of fuel prices.
US Treasuries clawed into positive territory in another choppy session on Wednesday, as a late sell-off on Wall Street revived safe haven demand for government bonds.
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