Bond yields soften as RBI move eases debt supply concerns
The RBI's characterisation of a recent jump in food prices as transient also provided comfort to the bond market by setting a high bar for future rate hikes, treasury executives said. The yield on the 10-year benchmark closed at 7.15%, 2 basis points lower than previous close. Bond prices and yields move inversely. One basis point is 0.01 percentage point.
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