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India bonds may open steady after relief rally from near 7.50% levels
MUMBAI: Indian government bonds could open on a flattish note on Wednesday, after witnessing aggressive buying towards the end of the previous session, while the major focus would remain on the US Federal Reserve’s monetary policy decision. The 6.94% 2036 bond yield may trade between 7.42% and 7.48%, according to a trader at a primary dealership, after closing at 7.4360% in the previous session. The 10-year bond yield eased four basis points on Tuesday, its biggest single day decline in three months, after failing to breach 7.50%. “Since the 10-year bond yield was heavily guarded at around 7.5...
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