ENM: 10-year bond hits new 11-month high; borrowing calendar awaited
MUMBAI: The government's benchmark 10-year bond hit its highest level in more than 11 months on Friday, boosted by positive sentiment following the US Federal Reserve's stance on rates, but the 120-billion-rupee debt sale later in the session pushed prices off intraday highs.
Traders expect the rally in debt prices to sustain on hopes foreign investors would continue to bet on India despite some concerns about US interest rates.
