Indian government bonds turned higher on Monday, recovering from a flat start to the holiday-shortened week, as a sharp drop in US Treasury yields more than offset oil-related inflation concerns and spurred value buying.
The benchmark 6.94% 2036 bond yield was at 7.3551% as of 10:25 a.m., after closing at 7.3789% in the previous session. Indian debt markets will remain shut on Tuesday for a local holiday.