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  • Financial Express

Indian bond yields flattish, Friday’s debt auction to provide cues

Indian government bond yields traded little changed, with the benchmark yield around key technical levels, as traders eye a fresh supply of debt to ascertain further directional triggers, while the broad focus stays on the U.S. Federal Reserve‘s interest rate decision next week. The benchmark 7.26% 2033 bond yield was trading at 7.0776% as of 10:00 a.m. IST, after ending the previous session at 7.0769%.

“Investor appetite for fresh debt would give a better idea about where the rates could be headed in the run-up to one of the most crucial Federal Reserve policy decisions in recent times,” a trader said. New Delhi will raise 310 billion rupees ($3.78 billion) through a sale of bonds on Friday, which includes a new 14-year bond, and traders expect the cutoff yield in the 7.13%-7.18% range.

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