India's 10-year bonds extend rally, yield falls to 26-mth low

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SummaryIndia's benchmark 10-year government bond yield fell to a more than two-year low on Monday.

India's benchmark 10-year government bond yield fell to a more than two-year low on Monday as the absence of a weekly debt sale and hopes for a rate cut by the central bank at the end of this month extend a recent rally.

At 12:54 p.m. (0724 GMT), the 10-year bond yield was at 7.88 percent, its lowest since Sept. 29, 2010 and down 5 basis points on the day.

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