Indian government bond yields may dip at open on Monday, tracking a decline in US rates, while traders wait for data on how Asia's fourth-largest economy fared in the last quarter due later in the week.

       The benchmark 10-year bond yield is likely to move between 6.83 per cent and 6.86 per cent, compared with 6.8470 per cent in the previous session.

       Over the last two weeks, the yield is up two basis points.

       On Friday, it had inched past 6.85 per cent, a key near-term level.

       Overall, the bias "is definitely" for yields to move higher, a fixed income trader at a bank said. However, the pullback in US yields will be "welcome" and will likely "pull in a few buyers".

       The 10-year US Treasury yield dropped six basis points in Asia trading, after US President-elect Donald Trump tapped prominent investor Scott Bessent for the position of US Treasury secretary.

       More From This Section

       Premium

       How govt navigates headwinds, challenges will shape the FY26 Budget

       Premium

       COP29 summit: India leads Global South to reject 'unfair' finance deal

       Premium

       India-UK FTA talks likely to restart in January amid complex issues

       Major port cargo contracts 3.2% to 68 mt in October, shows govt data

       Premium

       Statsguru: Can pricier loans tame food prices in India? Debate heats up

       Analysts reckoned that his nomination was a relief, and it reduced the chances of severe tariffs which are expected to be inflationary.

       Meanwhile, India's July-September growth data is due Friday.

       A Reuters poll of economists pegged India's economic growth at 6.5 per cent.

       The data may potentially shape expectations on the Reserve Bank of India's interest rate outlook. The RBI's next policy decision is due on Dec. 6.

       The US personal consumption expenditure (PCE) data, due Wednesday, too, will be focus this week to gauge whether the Federal Reserve is likely to cut rates next month or not. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

       Also Read

       Bond sales likely to surge in next year on higher debt repayments

       Govt bond yields expected to rise tracking US peers, debt sale in focus

       India bond yields marginally lower as traders await US inflation data

       Top-performing Lombard Fund doubles down on India's junk credit bonds

       Indian govt bond yields marginally down as US peers come off highs