India 10-Year Bonds Drop on Speculation Debt Sales Will Increase

Dec. 30 (Bloomberg) -- India’s 10-year bonds declined for a third day on speculation the government will increase its annual borrowing program from a record.

The yield on the 8.79 percent note due November 2021 rose two basis points to 8.57 percent as of 9:06 a.m. in Mumbai, according to the central bank’s trading system.

To contact the reporter on this story: Jeanette Rodrigues in Mumbai at jrodrigues26@bloomberg.net

To contact the editor responsible for this story: Anil Varma at avarma3@bloomberg.net