India's 10-year yield declines as oil prices tumble
pre-market1 source ↓written by the desknot a recommendation
- falling
- 6.48% 2035 bond yield
- falling
- 6.6737%
- which fell
- $119
- per barrel
- $91.87
- as sentiment improved
- 0.57% higher
Indian government bonds saw a significant recovery on Tuesday, with the benchmark 6.48% 2035 bond yield falling to 6.6737%, its largest drop in nearly five weeks. This decline was driven by a sharp decrease in oil prices, which fell from $119 to $91.87 per barrel. The rupee also strengthened, closing 0.57% higher as sentiment improved.
Not investment advice. For informational purposes only.