Stay updated with breaking news from Us Yields. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Srivastava expects the benchmark Brent crude contract to rise above $100 per barrel, with the 10-year U.S. yield hitting 5%. This would give a good opportunity to build fresh 10-year India bond positions, he said.
Indias economy is doing well when compared to other emerging as well as developed economies. Further, inflation is also likely to trend lower in the coming months, which will keep conditions conducive for the Reserve Bank of India to stay put on rates.
The U.S. central bank held interest rates on Wednesday and projected an increase by year-end, saying monetary policy is likely to be significantly tighter through 2024 than previously thought.
The Nikkei index closed 0.75% lower at 32,991.08, after hitting a high of 33,322.45 in morning trade. The broader Topix scaled a 33-year high of 2,397.33 in the morning, but closed 0.4% lower at 2,383.38.
Bullion is on track for a nearly 1% monthly decline as the U.S. dollar eyes its first monthly rise in three and U.S. Treasury yields see their fourth consecutive monthly climb having reached 2007 levels last week.