Bond yields up on RBI’s borrowing remarks

Bond yields up on RBI’s borrowing remarks
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First Published: Tue, Jan 27 2009. 05 41 PM IST
Updated: Tue, Jan 27 2009. 05 41 PM IST
Mumbai: The 2018 bond yield closed at 5.97%, from Friday’s close of 5.72%, after the Reserve Bank of India (RBI) governor D Subbarao said the size and timing of the rest of the government’s borrowing for this fiscal may be changed.
At 4:05pm, the yield on the 10-year benchmark bond was at 5.92%, off an intra-day peak of 5.96%.
Federal bond yields spiked to a new intra-day high in afternoon trade on Tuesday.
The RBI’s indicative bond auction calendar shows the federal government was scheduled to auction Rs250 billion of bonds in the remainder of the fiscal year.
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First Published: Tue, Jan 27 2009. 05 41 PM IST
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