By Dharamraj Dhutia

MUMBAI (Reuters) – Indian government bond yields are expected to trend lower in early trade on Thursday, tracking further downside in oil prices as well as US Treasury yields, while traders would also keep an eye on movements in the local currency.

The benchmark 10-year yield is likely to be in a 7.36% to 7.41% range, a trader at a private bank said. The yield ended Wednesday lower at 7.3870% for the third consecutive day, down 10 basis points over the past year.