Indian Bonds End Lower as Oil Spike Fuels Rate-Hike Fears
Government bonds reversed gains to end lower as rising bets on a domestic rate hike and higher oil prices stoked inflation fears. The benchmark 6.94% 2036 bond yield ended at 7.3920%, up from 7.3789% at the prior close.
By Dharamraj DhutiaIndian government bonds gave up their gains to end lower at the start of a holiday-shortened week on rising bets of a domestic rate hike as oil prices spiked and fanned inflation fears.The benchmark 6.94% 2036 bond (IN069436G=CC) yield ended at 7.3920%, after closing at 7.3789% i…