India bonds reverse two-day gains, weak debt sale revives shaky demand fears
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Indian government bonds fell as weak demand at a debt auction sparked a selloff, raising doubts about the rally's sustainability. The 10-year yield rose to 6.5637%. New Delhi sold bonds at higher-than-expected yields, exposing demand weakness. Despite improved sentiment, demand-supply balance remains fragile. RBI plans to infuse liquidity, including bond purchases and swaps, aiming to boost liquidity rather than steer currency or yields. OIS rates ended higher amid mild paying interest.
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