(Bloomberg) -- India's 10-year bonds extended declines after a government report showed the annual inflation rate remained above the central bank's estimate for a second week.
The yield, which moves inversely to price, was the highest in almost three weeks before a sale of 60 billion rupees ($1.46 billion) of the debt today. Primary dealers may look for better rates to compensate for the risk of faster inflation or that the central bank will boost borrowing costs to stem consumer prices.
Read more at Bloomberg Bonds News
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