India’s 10-year bond yield fell to the lowest level in almost a week after the government sought to reduce the fiscal deficit for next year and said the current year’s gap will be within the official target.
India’s 10-year bonds were poised for their worst weekly performance in a month on speculation the government will announce more spending next week that may entail an increase in the supply of new debt.
India’s 10-year bonds headed for a second weekly loss after the central bank unexpectedly raised borrowing costs and the U.S. Federal Reserve further cut monetary stimulus that’s buoyed emerging markets.
India’s 10-year bonds fell, pushing the yield to its highest level in almost a month, on concern debt outflows will worsen as the Federal Reserve cuts monetary stimulus that has buoyed emerging markets.
Indian Prime Minister Manmohan Singh , who’s halfway to his fiscal-year target for share sales with 35 days to go, may have to set a more ambitious goal for the next 12 months even as investors shun the country’s stocks.