Indian bond yields seen ranged; U.S. cues may help
MUMBAI, Nov 9 (Reuters) - Indian federal bond yields are seen rangebound on Monday, with a drop in U.S. Treasury yields supporting prices, but a scheduled 211.06 billion rupees ($4.5 billion) debt sale this week will weigh.
* The yield on the 10-year benchmark bond IN069019G=CC closed at 7.31 percent on Friday, above Thursday's closing of 7.29 percent.
* State governments will sell 41.06 billion rupees of state loans on Tuesday, while the government will sell 70 billion rupees of treasury bills on Wednesday, ahead of a 100 billion rupees bond sale on Friday.
* Most U.S. Treasury debt prices rose on Friday after the government said the U.S. unemployment rate jumped in October, but the prospect of new supply next week limited gains. [US/]
* Dealers said comments from policy makers over the weekend could also support bond prices.
* A high fiscal deficit and rising inflationary pressure could derail India's economic recovery, an advisor to the country's prime minister said on Sunday. [ID:nBOM179029] ($1 = 46.8 rupees) (Reporting by Swati Bhat; Editing by Ranjit Gangadharan)
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