India’s 10-year bonds rose on speculation yields higher than 9 percent are attracting buyers.
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 benchmark bonds completed their best month since June after the central bank cut interest rates for the first time since April.
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 central bank may buy bonds for the first time in nine months to cap rising yields as outflows from national savings accounts forced the government to increase debt sales.
The yield on India’s government bonds held near the highest level in almost a year before the central bank reviews policy rates next week.
For the first time in seven years India’s government may be preparing to reduce debt sales, spurring a rally in longer-dated bonds.
India’s 10-year bonds rose for the first time in nine days on speculation yields at the highest level in three years will lure investors.
India’s 10-year bonds declined the most in three weeks on speculation record government debt supplies this fiscal year will deter investors from adding to their holdings.
India’s 10-year bonds gained, pushing yields to an eight-month low, on optimism the central bank’s debt purchases will boost demand.
"Oil's move continues to support the Indian bond markets."
- Anoop Verma on Dec 29, 2014