Indian government bond yields are expected to trend higher this week, as sentiment stays bearish, but debt as well as the local currency will track U.S. and India inflation data.
Bond yields jumped after the RBI highlighted core inflation concerns, keeping the door open for another hike. The RBI raised rates by 25 bps last week, its sixth consecutive hike."Bond yields are likely to trade in steady range ahead of inflation , but yield may rise towards 7.40% levels in the near term," said VRC Reddy, treasury head of Karur Vysya Bank.
The rupee will take its cues from the U.S. inflation print and its impact on the dollar index, a trader with a private bank said.
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