Indian bonds edge up as oil prices and Treasuries ease
Indian government bonds ticked higher on Monday as oil prices retreated and US Treasuries advanced. Foreign investors continue facing pressure amid inflation concerns.
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India's government bonds rose in Monday morning trade as Brent Crude Oil retreated and United States Treasuries advanced. The 6.94% 2036 bond yield fell 1 bps to 7.46% following a record 10-week rising streak. The debt market rebound offers temporary relief after foreign investors offloaded 153B rupees ($1.6B) in local debt since August.
