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India bonds slips as Treasury rout offsets oil slide
MUMBAI: Indian government bonds fell on Wednesday as a US Treasury selloff following hotter-than-expected inflation data outweighed relief from lower oil prices. The benchmark 10-year US Treasury yield jumped more than 12 basis points to 4.9830% in Asian trade after October inflation exceeded forecasts and policymakers signalled a potentially faster pace of rate hikes. Higher US yields erode the premium offered by riskier Indian bonds, reducing its appeal to foreign investors. The benchmark 6.94% 2036 bond yield rose around 5 basis points from Monday’s close to 7.2005% by 10:40 a.m. IST. Marke...
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