Business Standard

Bond yields fall tracking global crude

Image

Reuters

Reuters Market Eye - The benchmark 10-year bond yield falls 3 bps to 8.67 percent as Brent crude futures fell to a four-month low on Monday after data showed orders for U.S.-made capital goods fell more than estimated in September.

Weak U.S. data could also reinforce expectations of a delayed tapering in U.S. monetary stimulus and benefit risk assets in emerging markets.

Traders will also be eyeing the services PMI from HSBC due around 10:30 a.m.

The range for the 10-year bond during the day is seen between 8.65 and 8.72, two dealers say.

(Reporting by Abhishek Vishnoi)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 05 2013 | 9:54 AM IST

Explore News