Indian government bonds stabilized on Tuesday as bargain hunters stepped in, halting a five-session decline in the benchmark 10-year. The buying interest came even after renewed U.S.-Iran attacks, which initially raised concerns about oil-driven inflation. However, oil prices did not extend higher, helping yields steady and sentiment improve for traders.
Indian government bonds logged their strongest week in more than six years after a fragile US Iran truce helped cool oil prices. With inflation pressure easing and sentiment supported by a neutral central bank stance, yields moved favorably, driving the rally into Friday and marking the best weekly performance in over six and a half years.
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