Indian government bonds rallied early Friday as oil prices plunged, with Brent crude futures easing nearly 2% to $88.66 per barrel. This decline, driven by hopes of a U.S.-Iran peace deal, boosted demand ahead of a significant debt auction. The benchmark 10-year U.S. Treasury yield also eased, contributing to the positive sentiment for Indian debt.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets