India's 10-year bond yield heads for biggest monthly drop in 7 yrs

Indian government bonds gained on Tuesday, pushing the benchmark 10-year yield toward its sharpest monthly decline in nearly seven years. The yield on the 6.94% 2036 bond fell to 6.7223%, its lowest level since March 18. Lower oil prices, stronger foreign inflows, and recent RBI and government measures boosted demand for debt.