Indian 10-Year Bonds Gain on Fewer Debt Sales
Published June 18th, 2007
ndia’s 10-year bonds advanced for a third day after the government announced fewer debt sales this week than last.
India will sell a combined 65 billion rupees ($1.6 billion) of treasury bills on June 20, following the auction of 220 billion rupees of bonds and bills last week. The 10-year bond yield fell to the lowest in a week also after a government report on June 15 showed inflation slowed for an eighth week to the least in nine months.
