
India bond yields flat before US jobs data, 10-year yield crawls up
economic data to gauge the Federal Reserve's interest rate trajectory, which could also have a bearing on the domestic rate cycle.
While yields on most bonds were flat, that on the 10-year benchmark bond rose slightly after the Reserve Bank of India did not include the note in next week's bond purchase.
The 10-year yield was at 6.6902% as of 9:45 a.m. IST, compared with its previous close of 6.6806%.
The U.S. nonfarm payroll data for February is due after Indian market hours. Nonfarm payrolls likely increased by 160,000 after rising 143,000 in January, a Reuters survey of economists showed.
The data would provide some clarity on how the Fed will progress in its monetary easing path.
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