02.10.2008 - India's bonds rise as commodity declines ease inflation concern
From Bloomberg: Indian bonds rose the most in more than two weeks on speculation inflation will slow as a global credit crisis damps demand for commodities such as crude oil. Yields on 10-year notes fell from near the highest in a month as oil prices declined more than 6 percent this week after U.S. lawmakers rejected a $700 billion financial rescue plan for banks in the world's largest economy. The UBS Bloomberg Constant Maturity Commodity Index of 26 raw materials has fallen more than 25 percent from its peak in July. Inflation erodes the value of the fixed payments from bonds..... Full Article: Source
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