RBI sends signal to traders that bond yields could rise – Yahoo Finance
(Bloomberg) – Indian bond traders were taken aback after the central bank said rising yields were here to stay by offering surprisingly high borrowing costs on a debt sale.
The Reserve Bank of India on Friday sold a 30-year bond at a cut-off yield of 6.7596%, compared to 6.65% estimated in a Bloomberg survey. The central bank, which acts on behalf of the government for debt sales, also sold…