India bond yields little changed; debt sale awaited

MUMBAI: Indian federal bond yields treaded water on Friday as traders remained cautious ahead of the $2.4 billion government debt sale scheduled later in the day.

The government will sell 30 billion rupees ($606.03 million) each of 8.19 percent 2020 bonds and 8.97 percent 2030 bonds, and 60 billion rupees of 9.15 percent 2024 bonds.

At 9:04 a.m. (0334 GMT), the 10-year benchmark bond yield was at 8.26 percent from Thursday's close of 8.27 percent.