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India bonds seen extending losses before debt sale as US yields weigh
MUMBAI: India government bonds may weaken at the start of the third quarter on Thursday as elevated US Treasury yields cloud the rate outlook ahead of the Reserve Bank of India’s policy decision, while a looming debt sale adds supply pressure. Global bonds closed out their worst month in years on Wednesday, with the benchmark 10-year US Treasury posting its biggest monthly increase since 2022. The Indian benchmark 6.94% 2036 bond yield may trade in a 7.18%-7.26% range, a private-bank trader said. It closed at 7.1879% on Wednesday, a two-and-a-half-year high, after jumping 24 basis points in Se...
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