Indian bond yields flattish, Friday's debt auction to provide cues
Bond yields have eased in the last few sessions, tracking their U.S. peers and moves in the overnight indexed swap (OIS) rates. U.S. yields and Indian swaps fell on rising speculation that the Fed's rate hike on July 26 would be its last in the current tightening cycle. The 10-year U.S. yield was around 3.75%, while the five-year OIS was at 6.21%.
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