India 10-year bond yield reverses half of last week's drop on elevated inflation
Indian government bonds fell for a third consecutive session, driven by inflation and interest-rate outlook concerns. The benchmark yield increased to 7.3079%, reversing much of last week's gains. Retail inflation in India accelerated, surpassing the Reserve Bank of India's target range, which raises rate hike expectations. In the US, rising Treasury yields and inflation data led...
Key Takeaways
- Indian government bonds fell for a third consecutive session, driven by inflation and interest-rate outlook concerns.
- The benchmark yield increased to 7.3079%, reversing much of last week's gains.
- Retail inflation in India accelerated, surpassing the Reserve Bank of India's target range, which raises rate hike expectations.
Indian government bonds fell for a third consecutive session, driven by inflation and interest-rate outlook concerns. The benchmark yield increased to 7.3079%, reversing much of last week's gains. Retail inflation in India accelerated, surpassing the Reserve Bank of India's target range, which raises rate hike expectations. In the US, rising Treasury yields and inflation data led to altered rate hike projections.
Original Publisher Attribution
This summary was curated from Economic Times.