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Bond yields edge higher, rupee watched

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Reuters

Reuters Market Eye - The benchmark 10-year bond yield rises 2 bps to 8.84 percent, tracking weakness in the rupee and supply fears.

Some selling is seen ahead of the 150 billion rupee auction on Friday, which includes 70 billion rupees of benchmark 10-year debt.

However, gains in 10-year U.S. Treasury prices are seen limiting losses in domestic bonds, which are impacted by the yield differential between the two.

( Reporting by Abhishek Vishnoi)

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First Published: Nov 07 2013 | 10:21 AM IST

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