Sovereign bonds rallied sharply in late-2018, benefiting from a confluence of a correction in oil prices, receding expectations of an aggressive US rate hike cycle and pullback in US rates, banking group DBS said on Wednesday.
Volumes in India’s government bonds surged to the highest in more than a year, reflecting a revival of bullish spirits in a market emerging from a yearlong selloff, after the central bank signaled it may keep buying debt for four more months.
Indian bonds rose to over 8-month highs as rate hike fears faded after the central bank promised to keep buying government bonds to infuse liquidity, and also mentioned the probability of changing its rate stance if inflation risks do not mature.
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