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    India 10-yr bond yield at 13-month low on bets of Fed pause

    Synopsis

    The 10-year benchmark 7.26% 2033 bond yield was at 6.9786% as of 9:05 a.m. IST, its lowest since April 8, 2022. They closed at 7.0057% in the previous session.

    10-yr bond yield at 13-month low on bets of Fed pauseGetty Images
    Indian government bond yields extended their fall on Thursday, with the 10-year benchmark yield easing below 7% for the first time since April 2022, after the U.S. Federal Reserve hinted at a pause, while markets expect a reversal in the rate-hike cycle from next quarter.

    The 10-year benchmark 7.26% 2033 bond yield was at 6.9786% as of 9:05 a.m. IST, its lowest since April 8, 2022. They closed at 7.0057% in the previous session.

    "Further, a rally may be capped as we have debt supply later today," a trader with a private bank said.
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