Friday, May 18, 2007

Indian Government Bonds Extend Loss as Inflation Slows Less Than Forecast

(Bloomberg) -- India's 10-year bonds extended losses, sending yields to the highest this week, after a government report showed inflation slowed less than forecast.

The yield on the benchmark 8.07 percent note due January 2017 rose 3 basis points, or 0.03 percentage point, to 8.15 percent as of 12:25 p.m. in Mumbai, according to the central bank's trading system. The price fell 0.22, or 22 paise per 100 rupee face value, to 99.43.


Read more at Bloomberg Bonds News

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