Commodities
India Bond Market Stabilizes After Oil Price Spike
Indian government bonds have steadied in early trading on Friday after oil prices stabilized, offering some relief from their worst week since April.
The benchmark 6.94% 2036 bond yielded 6.8723% at 10:45 a.m. IST, near Thursday's close and a two-month high.
The yield has risen about 12 basis points this week, on track for its biggest weekly increase since April 3.
A 280 billion rupee ($2.93 billion) debt sale later in the day will test demand, with a 15-year bond making up more than half the supply.