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The Economic Times

Business

Indian bonds gain as soft US inflation cools Fed rate hike bets

US Federal Reserve Inflation India United States Bonds Oil

Indian government bonds rose in early deals on Wednesday, after a soft inflation print in the world's largest economy eased concerns of an immediate rate hike by the Federal Reserve.

The benchmark 6.94% 2036 bond yield was at 6.7703% as of 10:40 a.m. IST, after ending at a three-week high of 6.7945% in the previous ‌session. Bond ⁠yields move ⁠inversely to prices.

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