India bonds dip on RBI liquidity move

 

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  Indian government bonds experienced a dip due to increased debt supply and a U.S. Treasury selloff.
• The yield on the benchmark 10-year bond was at 6.2981%, after closing at 6.2875% in the previous session.
• The one-year OIS rate was 1 bp down at 5.50%, while the two-year OIS rate was at 5.46%. The liquid five-year was up 2 bps at 5.67%.