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
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
Expectations of a 25 bps cut in November are at 88 per cent, while bets of no cut rose to 12 per cent from less than 10 per cent a day ago
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
The Federal Reserve began its easing cycle with a somewhat unexpected 50 basis point rate cut, implicitly acknowledging that rates may have been held too high for too long
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
Traders will, however, watch out for minutes from the latest policy meetings of Fed and Reserve Bank of India
The RBI last week kept the key interest rate unchanged, retaining its focus on bringing inflation down
AT-1 bonds are perpetual bonds issued by banks to raise money to meet regulatory capital requirements
Offshore investors bought Rs 90.9 billion ($1.1 billion) of the so-called fully accessible route bonds in the week through Aug. 2
The persistent purchases by foreign participants will reduce the pressure on local banks to absorb supply
The benchmark 10-year yield was at 6.9748 per cent as of 10:10 a.m. on Monday, close to the key technical level of 6.98 per cent
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
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
India's benchmark 10-year yield is likely to move in a 6.95 per cent-6.99 per cent range