Home »Markets » Fixed Income » Asia » Indian bond yields seen down on global growth worries

MUMBAI :Indian government bond yields are expected to ease early on Monday, helped by a rise in risk aversion globally after last week's weak US jobs data as well a fall in oil prices.

The 10-year benchmark bond yield is expected to open around 8.66 percent and move in a 8.65 to 8.70 percent band, when trading resumes after a four-day break. It last closed 5 basis points down at 8.69 percent.

US payrolls rose far less than expected in March, even as the unemployment rate fell to a three-year low of 8.2 percent. Employers added 120,000 jobs last month, the smallest increase since October.

Copyright Reuters, 2012

the author

Leave a Reply

Your email address will not be published. Required fields are marked *