Indian government bonds gained as Brent crude stabilized below $85 a barrel and softer US economic data lowered expectations for Federal Reserve rate hikes. This improved investor confidence, with the benchmark 2036 bond yield closing down 2.5 basis points. Analysts note crude oil's impact on fiscal deficits, while a drop in US Treasury yields further supported the sentiment. For Pakistan, easing US rate hike fears could potentially weaken the US dollar, offering support to international gold prices and easing pressure on the PKR.
بحوالہ / Source: www.brecorder.com