India Bond Yield Falls Most in Three Months
Indian government bonds rebounded as the benchmark 10-year yield logged its biggest decline in three months following value buying. The currency also stabilized while traders awaited upcoming central bank decisions.
Insights:
India's benchmark 10-year bond yield fell nearly 5 basis points to 7.4360% on Tuesday, logging its biggest single-day decline in three months. The reversal followed a failed test of the 7.50% upside level that triggered aggressive value buying. The move offered relief to the world's third-largest oil importer after weeks of heavy debt selloffs.
