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.

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