News From Press Bond yield rises further ahead of weekly auction

Bond yield rises further ahead of weekly auction

Source: Financial Express May 6, 2022

The yield on benchmark bonds rose further on Thursday ahead of the weekly bond auction and some degree of nervousness after an unexpected rate hike by the Reserve Bank of India (RBI). On Wednesday, the RBI raised the key repo rate by 40 bps and the CRR by 50 bps. The yield on the benchmark 6.54%-2032 bond ended at 7.4028%, as against the close of 7.3783% close in the previous trading session.

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