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MARKET EYE-Indian bond yields ease; GDP next trigger
May 30, 2013 / 7:13 AM / 4 years ago

MARKET EYE-Indian bond yields ease; GDP next trigger

* India's old benchmark bond yield is 3 basis
points (bps) lower at 7.36 percent. The new 10-year bond yield
 is 2 bps lower at 7.14 percent. 
* Dealers say some buying coming in after yields have risen 5
bps over last two sessions.
* Yields rose on concerns about the funding of the current
account deficit after the rupee slid to a 10-month low.
* Oil futures slid nearly 2 percent on Wednesday as U.S. equity
markets fell and investors worried about an uncertain demand
outlook for the global economy following weak growth forecasts
for China. 
* Dealers will watch the gross domestic product data scheduled
to be released on Friday, and are hoping weaker growth will push
the RBI to cut interest rates again next month.

 (subhadip.sircar@thomsonreuters.com/subhadip.sircar.thomsonreut
ers.com@reuters.net)

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