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India bonds seen steady as benchmark yield struggles to break below 6.20%

Indian government bond yields are expected to move sideways in early deals on Wednesday, with traders expecting some consolidation as the benchmark bond yield is unable to break comfortably past the key 6.20% level, while also awaiting fresh triggers. The yield on the new benchmark 10-year bond is expected to move between 6.19% and 6.22%, a trader with a private bank said, compared with the previous close of 6.2032%. [...]