India bond yields steady as traders await fresh triggers
By Bhakti Tambe
MUMBAI, Aug 19 (Reuters) -Indian government bond yields were little changed in early trade on Monday as traders refrained from taking large positions amid a lack of fresh triggers.
The benchmark 10-year yield IN071034G=CC was at 6.8643% as of 10:15 a.m. IST, compared with its previous close of 6.8700%.
"The next key triggers are minutes from the latest meetings of the Federal Reserve and the Reserve Bank of India (RBI), due this week. Till then, the yield may remain rangebound," a trader at a foreign bank said.
U.S. Treasury yields eased on Friday, partly reversing the previous day's big gains as investors digested data showing a resilient U.S. consumer and inflation trending lower, leaving the Fed ample scope for a small interest rate cut next month.
A healthy U.S. retail sales data and a smaller-than-expected rise in weekly unemployment claims on the heels of benign inflation readings restored confidence in the economic picture last week.
Consequently, investors scaled back bets that the Fed would need to cut 50 basis points when it next meets in September. They now see a 74% chance of a 25 bps cut in the policy rate. FEDWATCH
In India, the RBI kept its key rate unchanged earlier this month, while maintaining its focus on bringing inflation down.
India's retail inflation fell in July to a near five-year low, as food inflation eased due to a base effect.
The three key factors for policy rates in India can be fiscal policy, monsoon conditions, and the global economic scenario, according to Abhishek Bisen, fixed income head at Kotak Mahindra Mutual Fund.
"We now have a clear view on fiscal policy and monsoon conditions, both of which support a potential easing of policy. However, uncertainties remain regarding the Federal Reserve's actions and geopolitical development."
Oil prices eased in early Asian trading amid fears of weaker demand in China. O/R
Reporting by Bhakti Tambe; Editing by Mrigank Dhaniwala
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
