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India bonds to come under selling pressure at start of new week as oil spike continues
MUMBAI: Indian government bonds could open another week with declines as oil prices stayed elevated, stoking concerns over inflation that may push the central bank into a hawkish posture. The 6.94% 2036 bond yield may trade between 7.45% and 7.50%, according to a trader at a primary dealership, after closing at 7.4740% in the previous session. The benchmark 10-year bond yield rose 9 basis points through Friday, adding to a 62 bps increase in the previous nine weeks, a period that marks the longest continuous weekly run of rising yields since 1998. “We could see some selling pressure,” the trad...
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