 "Govt bond yields slide 5 bps over weekend, in tandem with US benchmark")
The Indian government bond yields fell sharply on Monday, mirroring US bond yields over the weekend, as signs of weakening economic growth worldwide raised questions over the degree of policy tightening that central banks may execute.
Yield on the domestic 10-year benchmark 6.54 per cent 2032 paper fell 5 basis points (bps) to settle at 7.37 per cent on Monday. Bond prices and yields move inversely.
On Friday, yield on the 10-year US Treasury note — a global pricing benchmark for debt — registered its steepest drop since March, closing 7 bps lower at 2.90 per cent.
The rally in
