Indian bond yields may track US peers lower
By Dharamraj Dhutia
MUMBAI, Sept 5 (Reuters) -Indian government bond yields are expected to open marginally lower on Thursday, as U.S. Treasury yields declined further after labour market data bolstered the casefor a larger rate cut from the Federal Reserve later in the month.
The benchmark 10-year yield IN071034G=CC is likely to move between 6.84% and 6.87%, compared with its previous close of 6.8579%, a trader with a private bank said.
"Though there is not much juice left in the benchmark bond yield, as any major move below 6.85% is unlikely to be seen, we could see bulls becoming active againtoday," the trader said.
U.S. Treasury yields fell on Wednesday, with interest rate sensitive two-year yields hitting a 15-month low, after data showed U.S. job openings dropped to over three-year low in July.
The closely watched yield curve between two-year and 10-year notes also briefly turned positivefor the second time in a monthindicating widening expectations of interest rate cuts.
The data comes after weaker manufacturing print and ahead of the crucial U.S. non-farm payrolls data due on Friday, which most believe would be the final trigger to move the needle in favour of a 25 or 50-basis-point move.
Markets are fully pricing in a rate cut of at least 25 bps at the Fed's meeting this month, with expectations for a 50 bps cut rising to 45% from 30% earlier this week. FEDWATCH
Back home, New Delhi will sell bonds worth 290 billion rupees ($3.45 billion) on Friday, which includes liquid 15-year note.
ICICI Prudential Life Insurance plans to raise investments in longer-duration federal government bonds, including the 10-year benchmark, as the demand-supply outlook is "quite favourable", Ketan Parikh, head of fixed income investments said on Wednesday.
KEY INDICATORS:
** Brent crude futures LCOc1 were 0.4% up at $73.00 per barrel, after falling 1.4% in previous session
** Ten-year U.S. Treasury yield US10YT=RR at 3.7647%, two-year yield US2YT=RR at 3.7683%
($1 = 83.9630 Indian rupees)
Reporting by Dharamraj Dhutia
Editing by Eileen Soreng
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
