Indian bonds steady as oil falls and US yields rise
In short
On Thursday morning, Indian government bonds stayed steady after recent swings. Traders watched lower oil prices, higher US Treasury yields and inflation data ahead, while a big bond auction was due on Friday.
What the reporting says
On Thursday morning, Indian government bonds stayed stable after recent volatility, with traders watching declining oil prices, rising US Treasury yields and upcoming inflation data. The Reserve Bank of India is expected to adjust its policy rate in light of those figures. Traders are also preparing for a large bond auction on Friday, while the Iran conflict remains a risk for oil prices.
Why it matters
On Thursday morning, Indian government bonds were stable after recent volatility, as falling oil prices and higher US Treasury yields shaped sentiment ahead of inflation data. The Reserve Bank of India is expected to adjust its policy rate in light of those figures. A large bond auction is due on Friday, and the Iran conflict is another factor traders are watching for its effect on oil prices.