Finance
Mr. BillionhairBond Yields Plummet Like Crazy After State Auction Triumph
Listen up, folks! Government bond yields are taking a nosedive—just like I predicted! After a state auction that was tremendous, yields are looking fantastic! The 10-year bond? A dazzling 6.61 percent! States are borrowing nearly 5 trillion—huge numbers! This is a game-changer, believe me! Nobody does bonds better than us!
few days ago | Anjali Kumari
Quick rundown
1.Government bond yields fell after a successful state bonds auction.
2.Long-term bond cut-offs exceeded expectations, easing market concerns.
3.RBI may include SDLs in OMO purchases if yield spreads widen.
4.RBI's upcoming OMO auction worth Rs 50,000 crore is well-received.
5.Net liquidity in the banking system shows a surplus of Rs 64,812 crore.
