RBI expresses concern over rising bond yields
pre-market1 source ↓written by the desknot a recommendation
- spread between
- 10-year government bond
- has widened
- 244 basis points
- Despite
- 100-bps repo rate cut
- has increased
- 10-year bond yield
- since June
- 24 bps
The Reserve Bank of India (RBI) has raised concerns regarding elevated bond yields, as the spread between the 10-year government bond and the US Treasury has widened to 244 basis points. Despite a 100-bps repo rate cut, the 10-year bond yield has increased by 24 bps since June, currently at 6.53%. This situation may impact market sentiment in the near term.
Not investment advice. For informational purposes only.