
Indian government bonds experienced a dip on Friday, with the benchmark 10-year yield rising to 6.6062%. This decline was attributed to concerns over increased supply, particularly with the upcoming release of states' borrowing plans for January-March, which are anticipated to be a record issuance. A recent weak auction for the 10-year bond, sold at a higher yield than the previous one, also contributed to market sentiment. Traders are monitoring the potential inclusion of India's fully accessible route bonds in the Bloomberg Global Aggregate Index and are also influenced by rising U.S. Treasury yields.
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