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India bonds flat ahead of India, US inflation prints

  • The yield on India's benchmark 10-year bond was slightly up at 6.3042 per cent, with expectations of remaining rangebound pending inflation data.
  • Investors are cautious as they await inflation readings to determine future rate cuts, with the headline inflation expected to undershoot the core print in India.
  • Indian inflation likely slowed to a more than six-year low at 2.50 per cent in June due to benign food prices and high base effect, according to a Reuters poll.
  • The US CPI print, scheduled for Tuesday, is expected to show a 0.3 per cent month-on-month gain, putting pressure on long-end yields.

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