Bond yields rise ahead of state debt sale; oil recovery weighs
MUMBAI: Indian government bond yields were higher in the early session on Tuesday, as a recovery in oil prices and a fresh supply from state debt sale lead traders to cut bond holdings.
The benchmark 10-year yield was at 7.2925% as of 10:10 a.m. IST. The yield fell three basis points on Monday to end at 7.2736%.
Nine states aim to raise $1.56 billion through five-year to 21-year bond sales.
