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Indian bond yields ease, tracking US Treasuries - Reuters India

By
Viraj
on February 22, 2010 2:29 PM | | Comments (0) | TrackBacks (0)
MUMBAI, Feb 22 (Reuters) - Indian federal bond yieldseased in early trade on Monday, tracking U.S. Treasury yields, butsentiment was cautious before Friday's budget when governmentborrowing plans for 2010/11 will be unveiled.

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"No one wants to carry big positions until there is clarityafter the budget," said a dealer at a private bank. At 9:57 a.m. (0427 GMT), the yield on the benchmark 10-yearbond IN10YT=RR was at 7.86 percent, after opening at 7.87percent. It had closed at 7.88 percent on Friday.

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