Market pressure1 min read 27 Mar 2018, 11:33 PM IST
A lower-than-anticipated government borrowing for the first half of 2018-19 pulled down government bond yields by over 25 basis points
The Indian bond market is making its voice heard. On Monday, the government announced that in the next financial year, it will borrow less from the market than what was anticipated. It also decided not to front-load bond issuances in the first half of the fiscal as was being done for several years. Consequently, the yield on the benchmark 10-year government bond fell by over 25 basis points.