Long-term yields fall, but stick­i­ness re­mains

Business Standard - - ECONOMY & PUBLIC AFFAIRS -

Long-term in­ter­est rates in the econ­omy re­mained higher as the MPC ini­ti­ated a rate cut cy­cle from the be­gin­ning of 2019. The yield on 10-year gov­ern­ment bonds soft­ened only af­ter the RBI pushed its pol­icy re­sponse to the pan­demic. But months into the eco­nomic fall­out, G-sec yields are show­ing signs of hard­en­ing again

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