A milestone on bond avenue | Skilled Views



The ten-year authorities paper public sale on Friday (June 28) for Rs 20,000 crore obtained 267 bids price Rs 47,776.500 crore. Its cut-off yield was mounted at 7.0191 per cent. Within the secondary market, the 10-year paper yield was hovering round 7 per cent for the higher a part of the final week.


This public sale coincided with India’s inclusion within the JPMorgan Authorities Bond Index-Rising Markets (GBI-EM) international index suite. Together with the 10-year paper, there was a 40-year bond public sale that obtained 209 bids price Rs 25,570 crore, with a cut-off yield of seven.1004 per cent.


Total, there was no

Disclaimer: These are private views of the author. They don’t essentially replicate the opinion of www.business-standard.com or the Enterprise Customary newspaper

First Printed: Jun 30 2024 | 4:44 PM IST


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