Government 10-year bond prices on Wednesday extended its decline and hit nearly three month low after global rating agency S&P warned that it may lower India's ratings if economic growth does not recovered.
Bond yields were already under pressure since the Reserve Bank of India (RBI) unexpectedly paused rates contrary to market expectation citing inflation concerns. Since RBI Policy, 10 year bond yield have gained nearly 27 basis points.
For details please click on the following link: Ten years bond hits 3-month low as S&P warns rating cut
Government 10-year bond prices on Wednesday extended its decline and hit nearly three month low after global rating agency S&P warned that it may lower India's ratings if economic growth does not recovered.
Bond yields were already under pressure since the Reserve Bank of India (RBI) unexpectedly paused rates contrary to market expectation citing inflation concerns. Since RBI Policy, 10 year bond yield have gained nearly 27 basis points.
For details please click on the following link: Ten years bond hits 3-month low as S&P warns rating cut