Indian bond yields, that have risen 11 basis points since six sessions, are likely to be traded at 7.27%-7.32%, after being ended at 7.2929% last week. The Indian federal govt is planning to raise 320 billion rupees via a bond auction on Friday, including liquid five-year and 14-year notes. The auction and the Fed speech scheduled will be decisive factors of the slow bond yields, considering the reversed role of US yields in recent updates. Fed is expected a 60% chance of 75 bps hike in interest rates, meanwhile international markets look up to RBI to do the same.
Read More at Nasdaq
