BLBG: India’s Bonds Gain as Yields at 2-Month High Attract Investors
Indian bonds gained, snapping an eight-day losing streak, on speculation yields at their highest level in almost two months attracted investors.
The yield on the most traded 8.24 percent note due April 2018 fell 2 basis points to 6.47 percent as of 9:32 a.m. in Mumbai, according to the central bank’s trading system. The price rose 0.17, or 17 paise per 100 rupee face amount, to 112.12. A basis point is 0.01 percentage point.
