Economic TimesLean R·
Indian bonds gain as soft US inflation cools Fed rate hike bets
Indian government bonds saw gains as US inflation eased, reducing immediate rate hike fears. Treasury yields declined, prompting a similar trend in Indian overnight index swap rates. Markets largely overlooked rising oil prices and their impact on domestic inflation. Anticipation of a delayed Federal Reserve rate hike cycle supported bond sentiment. Foreign investor inflows and index inclusion bets also bolstered the Indian debt market.
Read at Economic Times →
