Rising treasury yields likely to push India bond yields higher in early trade

Indian government bond yields are expected to rise in early trading on Thursday as U.S. Treasury yields continue their upward momentum, potentially leading to selling pressure in the local market.

The new 10-year benchmark bond yield is forecasted to trade between 6.21% and 6.25%, compared with Wednesday’s close of 6.2228%, while the 2034 bond yield settled at 6.2449%.