Indian bond yields may start week tad higher tracking US peers
时间:2024-06-26 07:54:58 阅读(143)
Indian government bond yields could rise marginally in the early session on Tuesday, tracking an uptick in U.S. peers, while traders await debt supply and Federal Reserve monetary policy decision.
The 10-year benchmark 7.26% 2033 bond yield is expected to be in the 7.10% to 7.15% range after closing at 7.1196% in the previous session, a trader with a private bank said. Bond yields plunged in April, with the benchmark yield dropping 20 basis points on bets of policy pivots.
The move comes ahead of the Fed policy decision due on May 3, wherein a 25 basis-point rate hike is widely factored in, and the focus would be on Chair Jerome Powell’s comments. The odds of a 25 basis-point rate hike by the Fed have risen close to 95%.
A hawkish Fed could also influence the Reserve Bank of India, which maintained a pause on rates in a surprising move last month. Focus would also remain on demand for the debt auction in the holiday-shortened week. New Delhi aims to raise 330 billion rupees through the sale of bonds on Thursday, and the auction includes 140 billion rupees of the benchmark 2033 paper.
Indian fixed income markets were shut on Monday and will be closed on Friday for a local holiday.
猜你喜欢
- US Stocks- Futures tick higher ahead of Powell’s speech
- Ambuja, ACC dropped from BSE 100 ESG
- Untapped potential driving two-wheeler makers to the used market
- Buy Coal India, SBI Cards stocks, charts show strength; fresh uptrend in Nifty possible above 16600
- Analyst Corner- Zomato expects to turn Blinkit adjusted-EBITDA positive in two years
- US Stocks- Futures rise on China reopening optimism, easing rate hike worries
- BSE relaunches Sensex, Bankex derivative contracts
- BNB to shift Beacon Chain tokens into a single blockchain
- Burmans bolster financial services play with Religare