India bonds walk tightrope on steady oil, shaky US-Iran truce (opens original article in a new tab)

Indian government bonds traded cautiously as U.S.-Iran tensions and El Nino concerns offset relief from falling oil prices, with markets awaiting key index inclusion decisions.

• Indian government bonds moved sideways amid concerns over U.S.-Iran tensions and El Nino's impact on inflation
• Brent crude fell 1.9% to $79.04 per barrel after Iran secured waivers for oil exports
• Markets await decision on India's inclusion in Bloomberg Global Aggregate Index to boost foreign investment
• 10-year yield eased for four straight weeks, tracking oil price declines