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India:  Bond Wrap

INDIA
  • India’s CPI moderated to 3.54% - a five year low, surprising the market.
  • India's industrial production rose less than economists expected in June to 4.2% y/y (estimate +5.4%)
  • The bond market didn’t react to the data, despite suggestions that this data opens the window for a rate cut.

5yr 6.785% 10yr 6.873% 30yr 7.022%

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