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4 years ago
MARKET EYE-Indian bond yields edge down tracking U.S. peers; PMI, rupee eyed
February 3, 2014 / 3:53 AM / 4 years ago

MARKET EYE-Indian bond yields edge down tracking U.S. peers; PMI, rupee eyed

* India's benchmark 10-year bond yield trading
down 2 basis points at 8.75 percent, tracking a fall in U.S.
treasury yields.
* U.S. Treasuries prices rose with benchmark yields falling to
their lowest level in over two months, while oil prices fell on
Friday on lingering troubles in emerging market economies. 
 
* Traders expect yields to stay in a 8.72 to 8.78 percent band
during the day.
* The movements in the rupee will be watched for cues during the
day, while the HSBC Markit Manufacturing PMI due around 0500 GMT
will also be monitored.

 (swati.bhat@thomsonreuters.com/;
swati.bhat.thomsonreuters.com@reuters.net)

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