India’s 10-year bonds rose on speculation yields higher than 9 percent are attracting buyers.
India’s 10-year bonds dropped, with the yield climbing the most since September, on concern demand for existing securities will fall as the government starts its annual borrowing program this week.
India’s 10-year bonds snapped a three-day decline as the central bank added cash to the financial system and on speculation investors bought the securities after yields rose to the highest in a week.
India’s 10-year bonds fell, with the yield climbing to a more than two-week high, as the rupee slumped to its lowest level since November on concern a sell-off in emerging-market assets will worsen.
India’s bonds were little changed, with benchmark yields near a 17-month high, before a central bank policy meeting tomorrow as economists predicted Governor Duvvuri Subbarao will raise interest rates to damp inflation.
India’s 10-year bonds headed for their third weekly loss in four on concern the central bank will raise interest rates unless inflation eases. The rupee declined.
India’s 10-year bonds gained, pushing yields to the lowest level in almost nine months, on optimism debt purchases by the central bank will ease a cash squeeze.
India’s benchmark bonds completed their best month since June after the central bank cut interest rates for the first time since April.
The yield on India’s 10-year government bonds rose the most this month as industrial output beat estimates, spurring speculation the central bank will refrain from cutting interest rates next week.
India’s 10-year bonds dropped for a fourth day on concern the central bank will increase interest rates at its policy review next month to cool inflation.
"There was a sense of fatigue after the sharp rally in yields and we have seen some value buying in the last two days."
- Anoop Verma on Apr 09, 2014