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Indian government bond yields barely budge ahead of major auction
Indian government bond yields barely budged on Wednesday, with the 10-year yield at 6.31% (rounded from 6.3055%).
Everyone's watching the clock for a major bond auction set for July 25, where the government plans to raise ₹36,000 crore by selling bonds.
Traders are playing it safe for now
If you're curious about how money moves in India, this auction could shake things up—especially since it comes just before a key US Fed meeting that might influence global interest rates.
Traders are playing it safe for now.
What's behind the cautious mood?
Bond yields are expected to stay between 6.29% and 6.32% unless new inflation or GDP numbers pop up.
With US Treasury yields rising after strong retail sales data, investors here are keeping an eye out for any surprises that could change the game.