×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

10-year bond yield touches 8-month high

10-year bond yield touches 8-month high
Comment E-mail Print Share
First Published: Tue, Apr 08 2008. 12 02 AM IST
Updated: Tue, Apr 08 2008. 12 02 AM IST
Mumbai: The benchmark 10-year bond yield touched an eight-month high of 8% on Monday on worries over high inflation and as fresh supplies worth Rs10,000 crore under the government’s regular borrowing programme and Rs5,000 crore under the market stabilization scheme satiated investor’s appetite for available government bonds.
The high inflation rate has fuelled speculations of an imminent interest rate hike and other tight monetary measures by the Reserve Bank of India which left traders without a view as they are preferring to stay away from the market as of now, said a bond dealer.
The benchmark 10-year bond closed at 7.99%, from Friday’s close of 7.98%. After seeing a brief rally in January-February, when bond yields touched 7.34%, the bond market is slowly inching towards where it started its fiscal year— at levels of more than 8%.
Comment E-mail Print Share
First Published: Tue, Apr 08 2008. 12 02 AM IST