Bond yield rises to 7.44% on higher oil prices, global cues
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
Yields on the 10-year benchmark bond have increased due to high oil prices. The Reserve Bank of India rejected all bids at the treasury bill auction conducted recently. The government aimed to raise ₹23,000 crores through treasury bill sales but faced significantly higher yield…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishRising yields on the Indian benchmark signal pressure on bond prices and expectations of tighter monetary policy.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The 10-year benchmark yield has increased due to high oil prices.
- 02The Reserve Bank of India rejected all bids at a recent treasury bill auction targeting 23,000 crore rupees.
- 03Market analysts indicate a potential 50 basis point hike by the RBI in December.