Indian Bonds Face Selling Pressure on Oil
Indian government bonds are expected to face selling pressure as elevated oil prices stoke inflation concerns. The benchmark yield may trade between 7.45 percent and 7.50 percent following recent rises.
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India government bonds face renewed selling pressure on Monday morning as crude oil prices stay elevated, heightening inflation concerns. The benchmark 10-year yield rose 9 basis points through Friday, extending a record nine-week rising streak. Markets are pricing in aggressive rate hikes as energy costs threaten government finances.
