Shorter India Bonds Rally as Five-Year Yield Falls Below 6%
India's five-year bond yield slipped below 6% for the first time since 2022 amid ample liquidity and expectations of more near-term interest rate cuts.
The yield dropped four basis points to 5.997%, while the benchmark 10-year yield was edged down two basis points, reinforcing the ongoing bull-steepening trend characterized by shorter yields falling more sharply than longer ones.
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