On Monday, Indian government bonds remained stable following last week's increases. The rise in oil prices countered some support from softer economic data from the United States. Traders are eagerly awaiting inflation reports from both India and the U.S., which will significantly influence bond market trends this week. Notably, ultra-long bonds saw a rise, likely driven by value purchases from insurers.

India bonds may open positively as key inflation data from India and the US shapes interest rate expectations.

Indian government bonds were largely steady on Monday as softer US jobs data supported expectations of lower US rates, while rising crude prices capped gains. The benchmark 6.94%…