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Indian bond yields hit fresh 3-year high

Indian bond yields hit fresh 3-year high
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First Published: Wed, Oct 05 2011. 12 14 AM IST
Updated: Wed, Oct 05 2011. 12 14 AM IST
Mumbai: Indian federal bond yields hit a fresh three-year high on Tuesday, before retreating to close largely steady after rising for five successive sessions, as sharp falls in local equities and global crude prices were offset by lined-up debt supplies. The 10-year bond yield closed steady at 8.54%, after hitting 8.55%, its highest since 29 September, 2008. Total volumes on the central bank’s electronic trading platform were an average Rs 9,155 crore.
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First Published: Wed, Oct 05 2011. 12 14 AM IST
More Topics: Indian Federal Bond | India | Markets | Economy | BSE |