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
India consumer inflation likely snapped a four-month downward trend in May due to rapidly rising food costs
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
Foreign investors have piled on bonds this year and remained on the buying side on Tuesday, despite the unexpected election outcome hitting stocks
Market expected strong opening by the ruling alliance, say one bond dealer
India's benchmark 10-year yield is likely to move in a 6.94 per cent -7.00 per cent range, following its previous close of 6.9809 per cent , a trader with a state-run bank said
Foreign investors are increasingly showing a preference for India's sovereign debt over China's to reap gains from the nation's faster economic growth
Overseas investors bought about $358 million of bonds on Monday, the most in two months and a seventh successive day of purchases, data compiled by Bloomberg show
Sovereign bonds have already rallied in recent weeks, boosted by a reduction in short-term borrowings
Indian government bonds are set to be included in the JPMorgan Emerging Market local currency debt index from June 28
Bond yields have eased over the last few sessions, after the Reserve Bank of India's board last week approved the transfer of a record 2.11 trillion rupees as surplus to the government
Along with direct purchases, foreign investors have leaned on derivative proxies to gain exposure to Indian bonds
The government has bought back securities aggregating to only around Rs 17,900 crore ($2.15 billion), against notified quantum of Rs 1.60 trillion in May
Traders were also cautious after the 10-year US yield moved off its recent lows, but continued to remain around the 4.35 per cent mark.
The central bank said it would buy back Rs 60,000 crore worth of securities, maturing this financial year, on May 21