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Home / Business / Yields on benchmark 10-year bond continue to trade below 6-per-cent mark

Yields on benchmark 10-year bond continue to trade below 6-per-cent mark

The 5.85 per cent 2030 bond on Monday closed at 5.97 per cent over the previous close of 5.98 per cent
Representational image.
Representational image.
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Our Special Correspondent   |   Mumbai   |   Published 18.05.21, 01:55 AM

Yields on the benchmark 10-year bond continued to trade below the 6-per-cent mark at the start of a week that will see the RBI undertaking the second tranche of the G-Sec Acquisition Programme (G-SAP 1.0).

The 5.85 per cent 2030 bond on Monday closed at 5.97 per cent over the previous close of 5.98 per cent. 

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It is for the second consecutive trading session that the paper is trading below the 6-per-cent mark. 

The bond markets are eagerly awaiting the Rs 35,000-crore auction that will be conducted on May 20. 

Experts feel that the 10 year bond is likely to stay in the 5.97-6.04 band over the course of this week.



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