Bond yield rises to 6% on supply worries

Bond yield rises to 6% on supply worries
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First Published: Wed, Jan 07 2009. 06 54 PM IST
Updated: Wed, Jan 07 2009. 06 54 PM IST
Mumbai: The 10-year benchmark bond yield jumped 72 basis points (bps) on Wednesday on a $10 billion additional borrowing programme by the government that was announced late on Tuesday.
At 4:13pm, the federal bond yields was at 6.02%, its highest since mid-December 2008 and above 6.30% at close on Tuesday.
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First Published: Wed, Jan 07 2009. 06 54 PM IST
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