Indian bonds skid as crude soars, Treasuries fall
MUMBAI: Indian government bonds buckled early on Tuesday, shadowing a Treasury selloff, as soaring crude prices rekindled inflation fears, while traders braced for economic data from India and the US for fresh signals on the rate path. Brent crude was up slightly in Asian trade after having risen 5% on Monday to $87.70 a barrel. Washington rebuffed Tehran’s peace proposal with new demands,…
We haven't written up this one. Business Recorder has the full story — the link below goes straight to it.
