India’s 10-year bond jumps absolute top in 3-months. Where is this treasury yield headed? | Mint
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- In August coverage, RBI increased its coverage repo rate under the liquidity adjustment facility (LAF) by 50 foundation capabilities to 5.40% with quick kind.
India’s 10-year treasury yield clocked the top single-session upward push in three months after the Reserve Bank of India (RBI) hiked the repo rate by 50 foundation capabilities on Friday. This would perchance be the third consecutive hike by RBI to tame inflation which is above its comfort zone for the sixth straight month. Varied bonds beget picked up moreover. Markets welcomed RBI’s rate hike switch at the side of a upward push in bond yields. Alternatively, going forward, bond markets are inclined to focal point on incremental g-sec provide and rep cues from global bond yields.
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