India's Bond Yields on the Brink: Will Supply and Global Trends Send Them Skyrocketing?

Indian government bond yields will likely edge higher on increased U.S. Treasury yields and abundant domestic supply. The benchmark 10-year yield has faced pressure from a surge in borrowing by Indian states, which created record debt supply. The supply, along with skepticism regarding Reserve Bank of India purchase plans, will likely support yields at current levels. Rises in U.S. Treasury yields can also affect Indian bond yields, further boosting the trend upwards. 

 

Source: Business Standard