Bond yields in India rebound to 6% as RBI falls silent – Economic Times
By Kartik Goyal
An overt silence from the Reserve Bank of India on support for the nation’s bonds has left traders wondering if recent yield gains are a new normal.
The central bank could try to increase the attraction of sovereign debt by letting yields rise, according to PNB Gilts Ltd. The yield on benchmark 10-year bonds rose to 5.97% on Wednesday, the highest since May.
If true, the RBI…
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