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India bonds poised to gain as oil slips; US midterms in focus
MUMBAI: Indian government bonds are likely to open firmer on Monday, as a retreat in crude prices eases inflation and rate-hike concerns, though traders await cues from the US midterm elections on the trajectory of the US-Iran war. The benchmark 6.94% 2036 bond yield is seen trading in a 7.35%-7.39% range, a private-bank trader said, after ending at 7.4139% on Friday. The 10-year yield fell about 6 basis points last week, following a more than 70-bps surge over the preceding 10 weeks, its longest such streak since at least 1998, the earliest available LSEG data shows. Brent crude futures retre...
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