(Bloomberg) -- Indian government bonds snapped three
days of losses as yields at the highest in almost three weeks
lured investors back to debt.
Benchmark 10-year bonds had fallen earlier this week on
concern debt sales by the federal government and the central bank
would drain funds from the financial system, leaving lenders with
less money to buy the securities. Near-zero overnight lending
rates and slowing inflation will spur demand for bonds, said
Rajesh Babu, a trader at state-owned Andhra Bank in Mumbai.
Read more at Bloomberg Bonds News
days of losses as yields at the highest in almost three weeks
lured investors back to debt.
Benchmark 10-year bonds had fallen earlier this week on
concern debt sales by the federal government and the central bank
would drain funds from the financial system, leaving lenders with
less money to buy the securities. Near-zero overnight lending
rates and slowing inflation will spur demand for bonds, said
Rajesh Babu, a trader at state-owned Andhra Bank in Mumbai.
Read more at Bloomberg Bonds News
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