Key Points
The 10-year benchmark 7.26% 2032 bond yield is expected to be in a 7.33%-7.38%.
Indian government bond yields are expected to rise in the first trading session of the new financial year, tracking a spike in oil prices, while the governments borrowing plans for April-September weigh on sentiment..
Oil prices jumped on Monday, jolted by a surprise announcement by the Organization of the Petroleum Exporting Countries and their allies including Russia, known as OPEC+, to cut production further in an effort to support market stability..
The benchmark Brent crude futures rose to $86.44 per barrel, their highest levels in nearly four weeks, and elevated oil prices could impact Indias inflation trajectory, as the nation is one of the largest imports of the commodity...
Sentiment also weighed on the governments plans to borrow 8.88 trillion rupees ($107.81 billion) slightly above expectations via bonds in April-September, which constitutes about 57.6% of the total 15.43 trillion rupees...
You might be interested in
Bond yields rise as spike in oil prices hurts sentiment
16, Oct, 23India Business News: Government bond yields increased due to a rise in oil prices and uncertainty about the central bank's decision on additional supply. The spike in crud
India bond yields crash after RBI surprises with status quo on rates
06, Apr, 23The 10-year benchmark 7.26% 2032 bond yield was at 7.1987% as of 10:35 a.m. IST, after closing at 7.2750% on Wednesday.
OPEC+ surprise output cuts lift oil prices by $5/bbl
03, Apr, 23The Organization of the Petroleum Exporting Countries and their allies including Russia shook markets by announcing production cuts of about 1.16 million barrels per day on Sunday.
Brent falls below $80 ahead of OPEC+ meeting
27, Nov, 23By Paul Carsten LONDON (Reuters) -Oil prices fell on Monday, with the Brent benchmark dropping below $80 a barrel as investors awaited this week's OPEC+ meeting and expected curbs on supplies into
Euro zone yields fall, stock rally takes a breather
05, Dec, 23By Tom Westbrook and Alun John SINGAPORE/LONDON (Reuters) -Germany's 10-year government bond yield dropped to its lowest in six months on Tuesday and world shares paused around four-month highs as
Opec+ committee meeting expected to keep output policy unchanged
02, Feb, 24International Business News: The Opec+ committee meeting, which includes leading ministers from Opec and allies like Russia, is not expected to recommend changes to the production
Oil edges up after steep losses but weak economic outlook lingers
08, Dec, 23By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose on Thursday, a day after tumbling to a six-month low, but remained under pressure as investors worried about sluggish demand in the United States
India bond yields tad down at start of week with few triggers
24, Apr, 23The 10-year benchmark 7.26% 2033 bond yield was at 7.1384% as of 10:00 a.m. IST on Monday, after ending at 7.1556% in the previous session.
OPEC+ begins meetings that may agree further output cuts
03, Jun, 23OPEC and its allies began two days of meetings that may culminate in further production cuts of as much as 1 million barrels per day