Indian Bonds Trade Narrowly Amid State Debt Supply and Liquidity Concerns
2 hours agoBusiness
32LENS
1 SourcesNew Delhi, India
TBNthebalanced.news
Indian Bonds Trade Narrowly Amid State Debt Supply and Liquidity Concerns

Indian government bonds traded narrowly as a large state debt supply and a widening liquidity deficit pressured the market. The benchmark 10-year yield hovered near 6.60%, despite the Reserve Bank of India's bond purchases aimed at shoring up liquidity. Traders anticipate a record-high debt calendar for the fourth quarter, with states set to raise a significant amount of funds through bond sales, further dampening risk appetite.

Political Bias
33%34%33%
Sentiment
45%