India’s 10-year government bond yield held around 6.76% after rising in the previous session, as weaker-than-expected U.S. jobs data boosted demand for longer-duration Indian debt. The shift came after U.S. employers unexpectedly cut 23,000 jobs in July, compared with expectations for an 80,000 increase, leading investors to reduce the probability of a September Federal Reserve rate hike to 42% from 55%. Lower U.S. Treasury yields added to support for sovereign debt, but gains in Indian bonds were restrained by higher oil prices, with Brent crude up 0.4% at $83.90 a barrel for a fourth straight day of increases. The Reserve Bank of India kept its policy rate unchanged last week and lowered its core inflation forecast by 40 basis points to 4.3% and its headline inflation projection by 10 basis points to 5%. Traders are now focused on July CPI (consumer price index) data due Wednesday, with inflation seen rising to 4.50% from 4.38% in June.