Economic TimesLean R·
Oil shock, Treasury yield spike put Indian bonds under pressure before debt sale
Indian government bonds experienced a decline as oil prices surpassed one hundred dollars per barrel. The benchmark bond yield reached its highest level in five weeks during early trading. Rising oil prices and Treasury yields pressured overnight swap rates higher. Investors anticipate a Federal Reserve rate hike, pushing US Treasury yields upward. New Delhi prepares to raise significant funds through a bond auction later today.
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