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Indian government bonds tumbled on Monday after a record calendar for government bonds led to a sell-off, widening the gap between supply and demand.The benchmark 10-year interest rate stood at 6.6331% on Monday. On Friday it ended at 6.6062%. Bond yields rise when prices fall.States will raise 5 trillion rupees ($55.40 billion) through bond sales […]
The Finance Ministry said the borrowing calendar has been prepared in consultation with the Reserve Bank of India and is subject to adjustment based on market conditions, financing requirements or intervening holidays. | Photo credit: iStockphoto The government on Monday said it plans to borrow Rs 3.84 lakh crore from short-term government bonds spread over […]
