(Bloomberg) -- India's 10-year bonds advanced in
the week after a government report showed the inflation rate
declined more than economists expected, to a 13-month low.
Bonds snapped two weeks of losses as the Ministry of
Commerce and Industry said wholesale prices climbed 4.28 percent
in the week ended June 9 from a year earlier. The median
estimate in a Bloomberg News survey was for an increase of 4.45
percent. Slower inflation boosts the value of the returns from
debt, making the securities more attractive.
Read more at Bloomberg Bonds News
the week after a government report showed the inflation rate
declined more than economists expected, to a 13-month low.
Bonds snapped two weeks of losses as the Ministry of
Commerce and Industry said wholesale prices climbed 4.28 percent
in the week ended June 9 from a year earlier. The median
estimate in a Bloomberg News survey was for an increase of 4.45
percent. Slower inflation boosts the value of the returns from
debt, making the securities more attractive.
Read more at Bloomberg Bonds News
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