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India bonds set to rally along Treasuries as Democratic win drives oil to two-month low
MUMBAI: Indian government bonds are set to advance on Thursday, tracking a sharp US Treasury rally after Democrats captured both chambers of Congress, raising hopes of an end to the Iran war, whichdrove crude oil prices to a two-month low. Voter backlash against President Donald Trump’s policies, especially the war’s impact on living costs, powered the Democrats to a sweeping midterm victory. The party vowed to rein in Trump’s agenda, raising expectations of reduced fiscal spending and a quicker resolution to the conflict. The US 10-year Treasury yield, a global borrowing-cost benchmark, was d...
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