India 10-year bonds drop

India’s 10-year government bonds fell after yesterday’s drop in yield to the lowest level in almost two months deterred buyers. The notes rose in the past three weeks as data showing India’s consumer-price inflation eased in August and the current-account deficit narrowed last quarter from a year earlier boosted investor confidence. The government and the central bank will meet Sept. 26 to decide on debt sales for the October-March period, said two officials with knowledge of the matter, who asked not to be named because the talks are private.  The yield on the 8.4 per cent securities due July 2024 climbed two basis points, or 0.02 percentage point, to 8.46 per cent as of 9:52 a.m. in Mumbai, according to prices from the central bank’s trading system. The yield dropped 12 basis points this month through yesterday to 8.44 per cent, the lowest level since July 28, according to bloomberg.com