India's 10-Year Bond Yield Holds Steady as Markets Await Inflation Data

India's benchmark 10-year government bond yield (IN067934G=CC) remained relatively stable at 6.6958% on Wednesday, February 12, 2025, compared to the previous close of 6.6983%. Traders are maintaining a cautious stance ahead of crucial inflation data releases from both India and the United States. The yield is expected to trade in a narrow range of 6.67% to 6.71% today. Despite rising yields, state-run financial companies are planning to issue bonds worth ₹20,000 crore. Foreign investors have recently increased their purchases of Indian bonds in anticipation of potential interest rate cuts. The market remains focused on upcoming economic indicators for further direction.

 

Sources: Reuters, Economic Times, Investing.com