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India bonds may firm with Treasuries; crude, supply could cap gains
MUMBAI: Indian government bonds may edge higher on Thursday, buoyed by firmer US Treasuries, though crude-price swings and looming debt supply may keep gains in check. The US Federal Reserve left borrowing costs unchanged late on Wednesday, as widely expected, delaying any policy move ahead of next week’s US midterm elections while awaiting more data on inflation, which it said “remains elevated.” The US 10-year Treasury yield, a key gauge for global borrowing costs, briefly moved up after the Fed decision, but was down 6 basis points at 4.98% in Asian trade. The benchmark 6.94% 2036 bond yiel...
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