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India bonds slip as traders wait for hawkish central bank action
MUMBAI: Indian government bonds fell in early deals on Tuesday as investors braced for hawkish central bank monetary policy, with traders fearing additional policy actions. The benchmark 6.94% 2036 bond yield was at 7.2213% at 10:10 a.m. IST, after ending at 7.2108% on Monday. The yield has risen in each of the last seven weeks, gaining a cumulative of 45 basis points, its longest such streak in over a year. A Reuters poll showed that nearly 60% of economists expect the RBI to raise its key policy rate by 25 basis points. While a quarter-point increase appeared to be the market’s base case, tr...
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