India Bonds Await Fed Decision
Indian government bonds are expected to trade flat as traders await the U.S. Federal Reserve's policy decision. The benchmark 10-year yield is near 6.55%-6.56%, with state debt auctions unlikely to cause significant shifts. Expectations of a U.S.-India trade deal have influenced recent market moves.
Indian government bonds are currently trading steadily, with the benchmark 10-year yield hovering around the 6.55%-6.56% range. Traders are awaiting the U.S. Federal Reserve's policy decision for market direction, as this could significantly impact bond yields. State debt auctions are not expected to cause major shifts in the market. Additionally, expectations of a potential U.S.-India trade deal have influenced investor decisions, leading to some position cutting and short selling in the bond market. The yield stability reflects cautious investor sentiment as they await clearer economic signals from global events.
