India bonds gain on foreign-bank buying as oil cools
The benchmark 6.48% 2035 bond yield dipped 3.4 basis points to end at 7.0761%, easing the most in two weeks. Bond yields move inversely to prices. Indian government bonds recouped losses to end higher on Wednesday, after expectations for a U.S.-Iran peace deal cooled oil prices and spurred foreign-bank buying, as rate hike bets eased in swaps, traders said. The…
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