Indian Government Bonds Steady Amid Eased Geopolitical Tensions and Upcoming Debt Auctions

Indian government bonds saw modest gains as geopolitical tensions eased ahead of U.S.-Iran nuclear talks, with bond yields slightly declining. However, investor caution persists due to a heavy upcoming debt supply, including a record state borrowing auction and a significant federal bond sale. Softer U.S. Treasury yields and easing crude prices provided some support, while market participants await auction outcomes that could influence yields amid ongoing Reserve Bank of India interventions.