GK and monthly revision

India bonds rise as index-entry hopes counter rise in US yields

Indian government bonds experienced an uptick due to expectations of inclusion in the Bloomberg index and improved liquidity in the market. This rise comes despite the backdrop of increasing U.S. yields and higher oil prices driven by geopolitical tensions. The optimism among traders is notably linked to foreign investors' increased purchases of Fully Accessible Route bonds, highlighting the significance of global index inclusion. The overall market sentiment is influenced by monsoon progress and global stability, which are crucial for sustained growth in bond prices.