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Bond yields jump; buyback results disappoint

Bond yields jump; buyback results disappoint
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First Published: Thu, Feb 19 2009. 06 36 PM IST
Updated: Thu, Feb 19 2009. 06 36 PM IST
Mumbai: The bond yields jumped in extended trade on Thursday after cut-off at the Reserve Bank of India’s (RBI) open market operations came in higher than expectations.
The RBI also rejected bids for the 2035 bonds, further souring sentiment, dealers said.
At 5:47pm, the yield on the 8.24% bond maturing in 2018 was at 6.38% from 6.30% before the announcement. It had ended at 6.36% on Wednesday.
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First Published: Thu, Feb 19 2009. 06 36 PM IST
More Topics: Bonds | Yields | RBI | Money | India |