Mumbai, Sept. 10 -- India's ten-year bond yields are moving up now as a steady uptick crude oil prices along with mild gains in the US treasury yields dominate sentiments. The 6.33 GS 2035 bond yield edged up above 6.50% today and currently hovers at 6.52%. The yield lost around 13 basis points last week, marking, its biggest weekly drop in four months and giving away bulk of its uptick in recent days. The country's 10-year benchmark 6.33% 2035 bond yield settled at 6.4651% on Friday - a drop of 13 basis points, its biggest weekly drop in four months, after rising an aggregate 17 bps in the previous two weeks. The gap between 10-year G sec yield and the repo rate has hit around 100 basis points - highest in nearly two years as markets eye...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.