Bond yields rise as caution prevails ahead of budget, supply weighs
There is caution before Wednesday's budget and we may see some more upside pressure on government bond yields," said Ajay Manglunia, managing director and head of investment grade group at JM Financial.Indian states aim to raise 258.05 billion rupees ($3.16 billion) through the sale of bonds on Tuesday, the second consecutive week when the quantum has risen above the 250 billion rupee mark.
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