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India bonds seen choppy as market eyes debt sale amid rate hike fears; RBI dividend to support

Indian government bonds are set for a choppy trading session on Friday ​as a fresh debt supply and concerns of rate hikes will ‌be in focus, but rising bets of a ​record surplus transfer from the central bank ⁠will limit any major selloff. The benchmark 6.48 per cent 2035 bond yield is expected to move in the 7.07 per cent - 7.14 per cent range, a private bank ‌trader said. It had ended at 7.1134 per cent on Thursday. Bond prices move inversely to yields. [...]