India 10-year yield edges up on shorter OMO sales
India government bond yields rose Tuesday as the central bank’s shorter-tenure bond sales increased market supply and retail inflation at a 20-month high lifted yields; the 10-year yield neared a 7.14% resistance level.
Government bond yields rose on Tuesday after the central bank announced bond sales in the shorter tenure segment late on Friday, increasing supply in the bond market. Retail inflation at a 20-month high also pushed yields higher, as it stoked expectations of potential policy action. 14% resistance level in Mumbai.