Fixed Income And Currency Market

17 May 2014

Why did 8.83% 2023 bond yield close higher on Modi victory?

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The benchmark ten year government bond, the 8.83% 2023 bond saw yields close up by 12bps from lows seen during the day on the 16th of May on Modi being decisively elected the Prime Minister of India.

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Arjun Parthasarathy
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