October 04, 2024 05:30 GMT
INDIA: Bond Wrap.
INDIA
- HSBC India PMI Services softened for September, falling to 57.7 from 58.9.
- Whilst firmly in expansion territory, it is the lowest reading since November 2023.
- Ahead of the Central Bank decision next week, the downward trend is modest and unlikely to dramatically alter the course for monetary policy.
- Equity markets were down again today with the NIFTY off 0.25% and the 10-year bond up 2bp in yield.
2yr 6.663% 5yr 6.693% 10yr 6.796% (+2bp) 30yr 6.918%
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