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The Economic Times
The Economic Times
Business

DARK SECRETS: India bond rally defies hawkish fed on oil rout | Vintage Vibes

Indian government bonds extended gains ​for a sixth straight ​session on Thursday as falling oil prices outweighed pressure from ​the U.S. Federal Reserve's hawkish outlook, pushing the benchmark 10-year yield near a more than three-month low.

Oil prices fell again after the United States and Iran released the text ‌of an ⁠interim agreement ⁠aimed at ending the war, raising expectations that the Strait of Hormuz could reopen.

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