Data showed US retail sales rose 0.4 per cent last month, above the 0.3 per cent estimate of economists polled by Reuters, and after an unrevised 0.1 per cent gain in August
Foreign investors still hold Indian government debt worth Rs 2.47 trillion-- either through FAR securities or through derivatives such as total return swaps (TRS)
The benchmark bond yield may drop to 6.30 per cent by March end, on strong foreign inflows and rate cuts from the central bank
Traders will also focus on fresh debt supply, while also remaining cautious after rise in US Treasury yields
The benchmark 10-year yield is likely to move between 6.75 per cent and 6.78 per cent on Monday
Markets have fully priced in a rate cut of at least 25 bps at the Fed's policy decision due on Sept. 18, with expectations for a 50 bps remaining around 30%
The market is closely watching key US data and Federal Reserve's rate action as these will be directional cues
Fed Chair Jerome Powell had last week delivered his strongest signal that interest rates will come down in September
The benchmark 10-year yield is likely to move between 6.84 per cent and 6.87 per cent
The benchmark 10-year yield is likely to move between 6.85 per cent and 6.88 per cent
The RBI last week kept the key interest rate unchanged, retaining its focus on bringing inflation down
Yields on 30-year bonds have dropped more than 40 basis points this year to 7.04 per cent on Friday
South Asian nation's star economy and improving business environment, at a time of slowing growth in China, has made Indian assets investor darling
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
Powell's testimony before the Senate on Tuesday and the House on Wednesday could give investors more clues on the likely direction of rates
Any further decline was unlikely as the market awaited debt supply on Friday, with New Delhi aiming to raise 280 billion rupees ($3.35 billion)
At present, the spread between the 10-year benchmark bond yield and similar tenor state debt yield is around 31-35 basis points
Investors have raised bets that former President Donald Trump may out beat US President Joe Biden at the elections due in November, especially after last week's debate
India inclusion in JP Morgan Bond Index: The inclusion process will begin on June 28, 2024 and will be completed over a period of 10 months, till March 2025
India's benchmark 10-year yield is likely to move in a 6.95 per cent-6.99 per cent range