INDIA BONDS-India bonds seen lower as elevated oil, higher US yields pinch; debt sale in focus

AI Briefing

• – India's 10-year benchmark bond yield is at 7.55%, up 4 basis points from the previous session, while 10-year US Treasury yields are at 1.79%, up 5 basis points.
• – The yield on the benchmark 10-year Indian bond is seen lower due to concerns about the impact of elevated oil prices and rising US interest rates.
• – The government is set to sell debt worth Rs 10,000 crore today, which is expected to influence market sentiment.