Indian bonds mirror gains in Treasuries as oil slips
MUMBAI: Indian government bonds edged higher on Thursday, tracking U.S. Treasuries, as lower crude prices and waning expectations of further Federal Reserve rate hikes bolstered sentiment. The benchmark 6.94% 2036 bond yield fell 2 basis points to 6.7582%. Bond yields move inversely to prices. Brent crude futures fell 2% to $87.20 per barrel in Asian trade, easing after six sessions of rise.…
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