India's bond yields lower due to US peers decline and govt's 400bn rupee securities buyback.
India's bond yields lower as US peers decline; govt announces 400bn rupee securities buyback. Indian gov't bond yields fell on Monday, tracking the decline in US peers after softer-than-expected jobs data. Additionally, the Indian government's surprise bond buyback announcement further contributed to the decline. The benchmark 10-year yield is expected to move in a 7.10%-7.15% range.
May 06, 2024
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