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.


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