Domestic government bond yields ease further amid a sharp fall in crude oil
Mumbai, June 15 -- Domestic government bond yields eased further today amid a sharp fall in crude oil. The benchmark 10-year G sec yield broke further under 6.90% and ended around 6.85%, holding near one and half month low. US Treasury yields held in a tight range but stayed slippery. The 10-year US bond yields quote at 4.44% right now - lingering around one-month low. Meanwhile, India's unemployment rate has hit around one year high and there is a possibility that this, clubbed with the latest tumble in crude oil prices may ease pressure on domestic interest rates. WTI Crude tanked to $80 per barrel today, testing two-month low on reports that US-Iran peace deal is set to reopen Strait of Hormuz. Oil has not lost around 7.40% this month,...
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