Prices of government securities (G-Secs) declined sharply on Thursday, the last trading day of FY22, as some market players sold amid uncertainty about how much the government will borrow in the first half of FY23 and the upcoming three-day trading holiday beginning April 1.
Price of the 10-year benchmark G-Sec (coupon rate: 6.54 per cent) plummeted 41 paise to close at ₹97.85 (previous close: ₹98.26). Yield of this paper jumped about 6 basis points to close at 6.8431 per cent (6.7841 per cent).
