Fixed Income And Currency Market

27 Dec 2020

Same Story Repeats, RBI flexes muscles to protect 10-year bond yield-Weekly Fixed Income Report

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RBI did not accept any bids in the Rs 90 billion 10-year benchmark bond, the 5.85% 2030 bond, auction held last week. The market bid at yields much higher than the closing levels of 5.93% on the bond and RBI did not want to send signals that it was fine with yield on the bond trending higher.

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Arjun Parthasarathy
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