
Indian bond yields dip as US Treasuries rally and oil eases
The benchmark 10-year yield slipped to about 7.41%, but a ₹33,000-crore government bond sale and a weak rupee held gains back.
1 min read
The benchmark 10-year yield slipped to about 7.41%, but a ₹33,000-crore government bond sale and a weak rupee held gains back.
1 min read
The 10-year yield rose 4 basis points to 7.48%, undoing most of Tuesday's rally, after an attack on a Saudi refinery pushed oil higher.
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The benchmark yield dipped to about 7.47%, but a weak rupee near 95 per dollar and a big state loan auction kept traders cautious.
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The indices recovered more than 1% from the day's lows in morning trade, led by metal and pharma stocks, but analysts warn that crude near $115 a barrel will cap any rally.
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Oil prices, the US Fed's policy meeting, foreign selling, Q2 results and the Nifty's 22,300 support level will decide whether the sell-off deepens.
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