Budget impact: Indian government bond yields hit highest in one year. How can it affect stock market
On Monday, February 2, Indian bond yields jumped by 8 basis points (bps) following the government’s announcement of gross borrowing through government securities that exceeded expectations. The yield on the 10-year benchmark bond started at 6.740% and reached 6.778%, in comparison to the previous day’s close of 6.696%. The 10-year bond yield climbed to 6.78%,…
