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Bond yields ease ahead of inflation data

Bond yields ease ahead of inflation data
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First Published: Fri, Dec 26 2008. 09 40 AM IST
Updated: Fri, Dec 26 2008. 09 40 AM IST
Mumbai: The federal bond yields fell on Friday on expectations of lower inflation, data due around noon, which would allow the Reserve Bank of India (RBI) to cut interest rates more aggressively to stem a sharp economic slowdown.
At 9:25am, the benchmark 10-year bond yield was at 5.53%, lower than Wednesday’s close of 5.61%. The bond market was closed for Christmas on Thursday.
India’s annual inflation data is expected to have fallen to a fresh nine-month low of 6.57% in mid-December, lower than 6.84% a week earlier, a Reuters poll of analysts showed on Wednesday.
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First Published: Fri, Dec 26 2008. 09 40 AM IST
More Topics: Markets | India | Money | Bonds | Inflation |