Indian 10-Year Bond Has Best Day Since Early April as Oil Slides
A sharp decline in oil prices drove demand for Indian government bonds on Monday, with the 10-year note posting its best day since early April. Brent crude futures fell nearly 5% to $108 a barrel.
By Khushi MalhotraA sharp decline in oil prices unleashed demand for Indian government bonds on Monday, pushing the 10-year note to its best day since early April, as investors rushed to lock in higher yields ahead of the key US midterm elections.Brent crude futures fell nearly 5% to $108 per barre…