10-year Indian bond yield hits 9-month low, driven by US peers and Fed rate cut expectations.
Indian 10-year bond yield hit a 9-month low on Monday, driven by falling U.S. peers and expectations of a Federal Reserve rate cut in June. The benchmark bond yield approached 7%, levels last seen in September 2022, with the 10-year U.S. yield threatening to break 4%. This has led to strong purchases, as traders attempt to break the 7% handle for the Indian 10-year bond.
March 11, 2024
3 Articles