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"The sudden drop in Treasury yields in November has led to similar movement in Indian bond yields, though the magnitude is not similar," said VRC Reddy, treasury head at Karur Vysya Bank.
The 10-year benchmark bond yield was at 7.2313% as of 10:00 a.m. after ending the previous session at 7.2828%. Earlier in the day, the yield fell to 7.2262%, the lowest since Oct. 6. Indian markets were shut on Tuesday.
Food prices will push up inflation but government intervention will help, said the report
The UK branch of Abu Dhabi Islamic Bank (ADIB) has provided structured financing of AED100 million ($27 million) for a supermarket asset to support investors with their Islamic financing needs in the UK.
Lockdowns unlock bond market fears again, sending yields higher SECTIONS Share Synopsis Apprehensions about the economic cost of lockdowns, especially the fear that governments may borrow more to compensate for lower tax revenues, sent yields higher. Getty Images Related NSE Explore Now Mumbai: Local lockdowns have started hurting the Reserve Bank of India’s (RBI) weeks-long effort to keep government borrowing costs down. Apprehensions about the economic cost of lockdowns, especially the fear that governments may borrow more to compensate for lower tax revenues, sent yields higher. However...