India’s 10-year bonds rose, pulling yields to the lowest since February, on speculation demand for debt will rise as the central bank buys dollars to boost forex reserves, increasing cash supply in the banking system.
ING Groep NV is the only bank left predicting a 2014 interest-rate cut in South Korea. There may be none soon as the call is reviewed after a Bank of Korea meeting that prompted Goldman Sachs Group Inc. to pull its forecast.
India’s rupee advanced the most this month after the central bank raised two interest rates to support the currency, which sank to a record this month. Bonds plunged the most since 2009 and stocks fell.
Malaysian Prime Minister Najib Razak’s promise of measures to curb the budget gap and avert a credit-rating downgrade helped send three-year government bond yields to a four-month low. His resolve is about to be tested.
India’s 10-year government bonds capped a second week of gains, the longest stretch since May, after the Reserve Bank of India rolled back some measures taken to shore up the rupee following a rebound in the currency.
Indian government bonds advanced, pushing the 10-year yield to the lowest in almost three months, after the nation sold 227.8 billion ($4.3 billion) of debt- purchase permits to foreign investors yesterday. The rupee fell.