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India 10-year bond yield at over 2-month high as US peers surge
Mint Mumbai
|April 09, 2024
Indian bond yields rose on Monday, with the 10-year benchmark yield hitting a more than two-month high, tracking rise in US peers as strong economic data further pushed back expectations around the timing of the first rate cut by the Federal Reserve.
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The benchmark 10-year yield ended at 7.1501%, the highest level since 31 January, following Friday's close of 7.1232%.
Investors now await domestic and US March inflation data, due later this week for further cues.
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