India Bond Rally Fades as Supply and Rate-Hike Bets Weigh
Indian government bonds’ rebound fizzled on Thursday as traders positioned for heavy supply, tighter liquidity and possible further policy tightening. The benchmark 6.94% 2036 bond yield ended marginally lower.
By Khushi MalhotraA US Treasury rally briefly buoyed Indian government bonds on Thursday, but the rebound fizzled as traders positioned for heavy supply, tighter liquidity and the prospect of further policy tightening. The benchmark 6.94% 2036 bond (IN069436G=CC) yield ended marginally lower at…