{
  "id": 17199302,
  "title": "India's 10-year bond heads for first weekly gain in 11 weeks, set to end record losing run",
  "url": "https://urgent.news/2026/10/30/indias-10-year-bond-heads-for-first-weekly-gain-in-11-weeks-set-to",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T08:35:30.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/indias-10-year-bond-heads-for-first-weekly-gain-in-11-weeks-set-to-end-record-losing-run/article71644234.ece"
  },
  "original_language": "en",
  "account": "Indian government bonds have seen a surge, setting the benchmark 10-year bond on the path to its first weekly gain in 11 weeks and concluding a record losing streak. The yield of the benchmark 6.94% 2036 bond traded marginally below Thursday's levels at 7.3837%. This week, the yield has dropped by over 9 basis points, after escalating by more than 70 basis points in the previous ten consecutive weeks, a trend not witnessed since at least 1998. Investors have been actively purchasing Indian bonds this week, after the 10-year yield approached but did not cross the crucial upside level of 7.50%, rendering prices appealing for entry. Mutual funds were the largest value buyers, acquiring approximately 40 billion rupees of bonds this week through Thursday. The market also received support from a relatively dovish Federal Reserve policy. The Fed kept interest rates unchanged in October, with fewer hawkish dissenters than foreseen, and Chair Kevin Warsh expressed a less hawkish stance than markets had predicted. The upcoming US midterm elections are anticipated to be a significant factor, with the potential impact on war-related decisions and oil prices likely affecting debt markets worldwide. Americans will cast their votes in the midterm elections on Tuesday to determine control of the US Congress. Market analysts suggest that the demand for the 330 billion-rupee debt sale in New Delhi will be crucial in maintaining this rally. Overnight indexed swap rates have flattened this week, as short-term rates have surged faster due to increased liquidity. Over the past week, rates have risen by 2 to 10 basis points. The one-year OIS rate remained flat at 6.68% on Friday, while the two-year rate slightly decreased to 6.72%, and the five-year rate fell by 1.25 basis points to 6.8375%.",
  "summary": "Mutual funds led a weekly inflow as Indian yields eased from recent highs, while a softer Fed tone and looming US midterms kept debt markets in focus",
  "key_points": [
    "Indian 10-year bond set for first weekly gain in 11 weeks",
    "Yield drops over 9 basis points after 70-basis-point surge",
    "Mutual funds largest buyers with 40 billion rupees invested"
  ],
  "editors_take": "The shift toward bond buying signals a reversal in long-term selling pressure as mutual funds capitalize on attractive entry points following a historic period of rising yields.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}