India bonds sink on oil spike before Fed decision
Economic Times 1 hr ago·28 Oct 2026, 5:35 am
Indian government bonds faced a sharp pullback as crude oil prices surged to multi-month highs. This spike, driven by supply worries in the Middle East, raised concerns about India's trade deficit and inflation. Consequently, the benchmark 10-year yield climbed, making fixed-income assets less attractive to investors.
The move comes just before the US Federal Reserve's key policy meeting. Traders are closely watching for signals on future interest rates, which could further influence global risk appetite. For now, bond prices are reacting to the immediate oil shock and the upcoming Fed decision.
Excerpt from Economic Times
Indian government bonds experienced a significant decline after a prior rally due to rising oil prices. Brent crude oil prices increased following concerns over supply disruptions in Saudi Arabia. The US 10-year Treasury yield also rose, affecting the attractiveness of Indian debt. Markets are anticipating the Federal…Read the original at Economic Times
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