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India bonds slips as Treasury rout offsets oil slide

MUMBAI: Indian government bonds fell on Wednesday as a US Treasury selloff following hotter-than-expected inflation data outweighed relief from lower oil prices. The benchmark 10-year US Treasury yield jumped more than 12 basis points to 4.9830% in Asian trade after October inflation exceeded forecasts and policymakers signalled a potentially faster pace of rate hikes. Higher US yields erode the…

First reported by Business Recorder 1 source
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  1. Business Recorder

    India bonds slips as Treasury rout offsets oil slide (opens Business Recorder in a new tab)

    MUMBAI: Indian government bonds fell on Wednesday as a US Treasury selloff following hotter-than-expected inflation data outweighed relief from lower oil prices. The benchmark 10-year US Treasury yield jumped more than 12 basis points to 4.9830% in Asian…

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