Oil surged as Iran deal scrapped and the US inflation reading came in bit tame so bonds recouped some losses. Irrespective of all these, Indian bonds continued to suffer losses as another auction, the fourth in succession had a large devolvement. Volatility, as measured by the CBOE’s Volatility Index (VIX), declined to 13.1 from 15.2 a week ago. Tensions between Iran and Israel ratcheted up further this week, with Iran firing rockets into Israeli territory from Syria, prompting Israel to strike back. Circa 7.80% has held the top on a few occasions in the past, with regard to the benchmark 10-year bond.

Source: dna May 14, 2018 00:11 UTC