Indian government bond yields are expected to rise in early trading this week, following a spike in US peers after the release of May’s employment data. The 10-year benchmark 7.26% 2033 bond yield is predicted to be in the 6.98% to 7.03% range on Monday, increasing above 7% due to an initial reaction to US yields. However, any significant move is likely to occur only after the Reserve Bank of India’s (RBI) upcoming monetary policy decision later in the week. The odds of the Fed pausing rate hikes in June have stayed around 30%. The RBI is set to announce its monetary policy decision on 8 June.
Indian Bond Yields Could See an Uptick Ahead of Reserve Bank of India’s Policy Meet This Week
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