India bonds slump on Fed rate hike bets, benchmark trades at discount
· economictimes.indiatimes.com
Indian government bonds faced a downturn on Monday as yields spiked significantly. Hawkish statements from the head of the U.S. Federal Reserve ignited concerns about imminent rate hikes. Additionally, oil prices surged over ninety dollars a barrel, compounding market pressures. This confluence of events casts a shadow over India's inflation expectations and fiscal health, prompting traders to anticipate local swap rate increases in light of potential Fed actions.
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