Indian government bonds experienced a significant surge on Wednesday, with the benchmark 2035 bond yield dropping 10 basis points. This rally was fueled by optimism surrounding a potential US-Iran peace deal, which is expected to lower crude oil prices, improve risk sentiment, and alleviate inflation worries. Analysts suggest a further rebound is possible if the conflict resolution materializes.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets