Indian government bonds remained steady ahead of a significant debt sale of 320 billion rupees. The benchmark 10-year bond yield stood at 6.5926%. Traders anticipate pressure from the large debt sale, but hopes for central bank intervention are supporting sentiment. Concerns arose after states partially accepted bids at higher-than-expected yields, fueling speculation of RBI intervention.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets