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India bonds could face headwinds from RBI debt sale, elevated Treasury yields
MUMBAI: Indian government bond market traders could once again try to push prices higher at the start of the week after witnessing declines in oil prices, but elevated Treasury yields and a debt market sale could cap the move. The benchmark 6.94% 2036 bond yield is expected to trade between 7.05% and 7.09% on Monday, according to a trader with a primary dealership. It ended at 7.0686% in the previous session. The yield has jumped 31 basis points in the last five weeks. Oil prices eased in Asian hours as investors eyed a recovery in shipments from Saudi Arabia despite ongoing attacks by Yemeni ...
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