It seems like Indian government bond yields could experience some easing in the early session on Friday, influenced by the decline in U.S. Treasury yields. When U.S. Treasury yields fall, it often has a ripple effect on global bond markets, including India. Additionally, the focus remains on the weekly debt supply auction, which can also impact bond yields based on market demand and supply dynamics.
The trader's forecast suggests that India's benchmark 10-year yield is expected to trade within a range of 6.97% to 7.02%, following its previous close of 6.9966%. This indicates a relatively stable outlook with a slight potential for downward movement in yields. Investors and market participants will likely monitor these developments closely for any shifts in sentiment or market conditions.
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