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Indian bonds take a breather before RBI policy outcome
MUMBAI: Indian government bonds held steady early Monday as traders stay sidelined ahead of the Reserve Bank of India’s policy verdict this week, while softer US Treasury yields temper jitters from a hefty state borrowing programme. The benchmark 6.94% 2036 bond yield was perched at 7.2127%, as of 10:25 a.m. IST, little changed from Thursday’s close. The debt market was shut on Friday for a local holiday. Wednesday’s RBI decision is the immediate catalyst, traders said, with markets pricing in the central bank’s first rate hike since 2023, amid surging global yields, Brent crude above $100, an...
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