MUMBAI: Indian government bond yields were largely unchanged in the early session on Thursday, as traders continue to await fresh triggers.
The 10-year benchmark 7.26% 2032 bond yield was at 7.4577% as of 9:45 a.m. IST, after closing higher at 7.4547% on Wednesday.
US Treasury yields stayed elevated, with the shorter-end rising, after data showed the labour market remained tight and Federal Reserve Chair Jerome Powell set the stage for higher and faster interest rate hikes.
The two-year yield, a closer indicator of rate expectations, was at 5.05% and the yield curve inversion between the two-year and 10-year stayed above 100 bps.
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