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India:   Bond Wrap

INDIA
  • A quiet end to the week with little key data out saw bond yields drift 0.5+1.5bp higher across the curve
  • Data on the week was mixed with CPI at 3.54% beating expectations and lower than the prior reading whereas Industrial Production weakened to +4.2% (+5.9% prior)
  • Export data was weak at -1.5% though some seasonality exists in those numbers.

5yr 6.774% (+0.5bp) 10yr 6.873% (+1.5bp) 30yr 7.02% (0.5bp)

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