The benchmark 10-year yield was at 6.9724 per cent as of 10:00 a.m. IST, after closing at 6.9767 per cent in the previous session
The latest data has led to a repricing of interest rate cut expectations, with the probability of a 25-basis-point rate cut by the Federal Reserve in September
India's entry into a global bond index is a great sentiment-booster, but much of it has already been factored in
Inflows into bonds under the fully accessible route, which will be included in JPMorgan's widely-tracked emerging market debt index on June 28, have risen to more than $10 billion
LGIM pioneered and launched an Indian government bond-dedicated ETF in October 2021, which currently has around $700 million of assets, making it the largest of the five such ETFs
US bond yields rose after the economy created far more jobs than expected in May
Bond yields shot up on Tuesday and have largely remained elevated after a weakened mandate for Prime Minister Narendra Modi's party
JPMorgan Asset joins a slew of global investors, including Abrdn Plc and Zurich-based Vontobel Asset Management, in turning to Indian bonds ahead of their inclusion
Along with direct purchases, foreign investors have leaned on derivative proxies to gain exposure to Indian bonds
The government's fiscal position is expected to strengthen after a better-than-estimated dividend transfer and could further reduce some supply pressure
The gains will be capped as the central bank's record surplus transfer to the government has boosted market sentiment
Inflation accelerated in the first quarter on strong domestic demand after moderating for much of last year
Barclays' Kotecha eyes $20-$25 billion, with upside risks as an attractive carry, stable currency, and a positive macro backdrop and fiscal picture make Indian bonds attractive
Iran ended its retaliatory attack with no significant damage to Israel, and the US said it did all it could to avoid an open warfare erupting between the two countries
Market participants said that the 7.12 per cent yield on the benchmark bond faces technical resistance and it might sustain as long as US yields do not surge further
"We feel that beyond the middle of this calendar year, by the July-September quarter, we could see the benchmark bond yield touching at least 6.75% if not lower," said B. Prasanna
The fall in US Treasury yields and foreign portfolio investor (FPI) inflows further aided rupee and bonds
Indian government bond yields were largely flat on Wednesday in yet another trading session, amid consolidation after their recent decline and as traders awaited more directional triggers
Foreign inflows of Rs 47,105 crore into debt in CY23 at 6-year high
The government plans to sell Rs 10,000 crore ($1.2 billion) of a 2073 bond on Friday, according to the Reserve Bank of India.