Yield On 10-year Bond Falls to 4-month Low

The Economic Times - - Companies -

The yield on In­dia’s bench­mark 10year bond fell to a 4-month low at 8.62% on Fri­day as traders rushed to buy govern­ment se­cu­ri­ties on wide­spread op­ti­mism that the econ­omy will boom un­der the new govern­ment, re­ports Our Bureau. De­mand for se­cu­ri­ties was high de­spite the fact that the Re­serve Bank of In­dia added to the sup­ply by sell­ing .` 16,000 crore worth of bonds in an auc­tion on Fri­day.

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