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India bonds rise as investors see value after 10-year yield nears 7.40%
MUMBAI: Indian government bonds moved higher in early deals on Tuesday as value investors took the reins, after a near one-way upmove in yields in recent sessions, even as investors await heavy debt supply later in the day. The benchmark 6.94% 2036 bond yield was at 7.3723% as of 10:15 a.m. IST, after ending at 7.3857% on Monday, which was its highest closing level in the last three years. India’s benchmark 10-year bond yield jumped 9 basis points on Monday, its biggest one-day spike in over six months. The yield has risen 20 bps in the four sessions since last week’s central bank monetary pol...
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