India Bond Yields Steady, Rate Cut Bets Persist

  Published 1 year ago

Indian government bond yields remained largely unchanged on Tuesday, leaning slightly downwards as markets await auction results and growth data. Expectations of further monetary easing by the RBI continue to support bond prices despite a smaller, than, expected government surplus transfer.

  • The 10-year bond yield is currently at 6.2032%.
  • ₹300 billion bond auction scheduled for Friday.
  • RBI is expected to cut rates by 25 bps on June 6th.
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