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BUZZ-India bond yields up 5 bps to highest since May as oil firms
November 7, 2017 / 5:22 AM / a month ago

BUZZ-India bond yields up 5 bps to highest since May as oil firms

** India’s 10-year benchmark bond yield rises as much as to 6.94 percent, its highest since May 11, compared to its 6.89 percent close

** Spike in global crude oil prices spurs concerns over inflation, dashing expectations of any rate cuts

** Brent futures rose to $64.44, the highest since mid-2015, on Monday

** Geo-political tensions surfaced after Saudi Arabia’s Crown Prince Mohammed bin Salman moved to shore up his power base with the arrest of royals, ministers and investors

** 5-yr benchmark swap rises to 6.41 percent from 6.37 percent close; 1-yr little changed at 6.18 pct versus 6.17 pct

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