Indian bond yields flattish, focus shifts to Fed rate decision, guidance
The benchmark 10-year yield ended at 7.0981%, following its previous close of 7.0871%.
The benchmark 10-year yield ended at 7.0981% (File Image) Indian government bond yields were little changed on Tuesday after a record state debt issuance went through without any major disruption, while focus shifted to the Federal Reserve’s interest rate decision and guidance on Wednesday.
The benchmark 10-year yield ended at 7.0981%, following its previous close of 7.0871%.
“While the momentum is clearly on the downside for benchmark yield, near term challenges exist with surging U.S. Treasury yields and consistently strong data, coupled with a surge in oil prices, putting pressure on government bonds,” PNB Gilts said.
The Fed will announce its monetary policy decision after Indian market hours on Wednesday, and it comes on the back of data which highlighted resilience in the economy and elevated inflationary pressures.
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