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India bonds gain as oil, Treasuries decline; debt auction remains key
MUMBAI: Indian government bonds rose in early trade on Friday as traders covered short positions following a decline in oil prices and US Treasury yields, though gains were capped ahead of a weekly debt auction that will test demand for fresh supply. The benchmark 6.94% 2036 bond yield was at 7.2667% as of 10:10 a.m. IST, after ending at 7.2868% on Thursday. New Delhi will raise 360 billion rupees ($3.72 billion) through sale of bonds. Benchmark Brent crude prices eased slightly from recent highs after US President Donald Trump said Washington was engaged in productive discussions with Iran. H...
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