Bonds rally in India after RBI sends ‘whatever it takes’ signal – Yahoo Finance Australia
(Bloomberg) – Sovereign bonds in India rallied after the central bank stepped up measures to tackle rising yields following a series of mediocre debt auctions.
The 10-year government bond yield plunged 18 basis points, the most since May 13, when a new benchmark was introduced, to 5.93%. The yield on five-year debt also fell 22 basis points to 5.26%.
The Reserve Bank of India gave banks leeway…
Discover more from USNewsRank
Subscribe to get the latest posts sent to your email.