Bonds trade flat as US treasury yields keep rise in check
Benchmark 10-year bond yield trades flat at 8.66 per cent amidst optimism over falling oil prices and expectations that monsoon showers would help keep food inflation in check, even as a rise in US treasury yields hurts.
US treasury yields rose on Wednesday after more-robust-than-expected private-sector jobs data ratcheted up expectations for a stronger US non-farm payrolls report on Thursday.
Over Wednesday, western, central and northern parts of India saw a revival in monsoon rains with most analysts expecting the rainfall in July and August to be better than in June.
Source: economictimes
