The Economic Times

India bonds under pressure before debt supply; hot inflation prints pinch further

Indian government bonds experienced significant selling pressure ahead of a major auction for the benchmark paper. The yield on the 6.94% 2036 bond rose notably due to rising inflation in both India and the United States. The Reserve Bank of India is expected to raise interest rates again in early December due to persistent inflationary pressures. Moreover, US Treasury yields remained elevated as markets anticipate larger interest rate hikes.