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Market move▲ Bullish for Indian equities
India 10-year bond snaps four-day losing run as US yields ease
The brief
- Indian government bonds rebounded Tuesday, ending a four-day downturn
- Softer US Treasury yields and declining crude oil prices supported the rebound
- Easier bond yields can support Indian banks and other rate-sensitive stocks
- India bonds edge up on short covering as US yields cool
- Ten-year bond yield hits 7.19%, highest in two years
- India 10-year yield scales two-year high as supply, global rout bite
- RBI may shift govt borrowing towards shorter tenures in H2
- India 10-year yield hits over two-year high as supply angst adds to global woes