India Bonds Remain Stable
Indian government bonds saw minimal movement as traders awaited the U.S. Federal Reserve's policy decision and state debt sales. The benchmark 10-year yield remained near a key level, influenced by expectations of a U.S.-India trade deal.
Indian government bonds experienced little change in trading activity. Key factors influencing this stability include the upcoming U.S. Federal Reserve policy announcement and state debt auctions. The benchmark 10-year bond yield hovered near a crucial level of 6.55%-6.56%, with traders cautious about potential market shifts. Expectations of a trade deal between the U.S. and India also played a role in shaping market sentiment. Despite these factors, state debt auctions were not expected to significantly impact bond yields.
