Indian bond yields hit mid-2024 high on global selloff, rate hike bets
Benchmark Indian government bond yields climbed to their highest level since mid-2024 on Thursday, tracking a surge in global yields and rising inflationary pressures. This move cements expectations of a rate hike by the Reserve Bank of India (RBI) at its upcoming policy meeting.
Indian government bond selling intensified on Thursday as a jump in global yields and rising inflationary pressures reinforced expectations that the central bank will raise rates next week. Local bonds followed the move higher in global yields, including the 10-year US Treasury yield briefly...