10-year bond yield posts its biggest rise in 6 months

India's 10-year benchmark government bond yield experienced its largest increase in six months in October, driven by a surge in US Treasury yields. Local yields rose 10 basis points, closing at 6.85%, despite the Reserve Bank of India easing its policy stance to 'neutral'.

Nov 1, 2024 - 02:30

10-year bond yield posts its biggest rise in 6 months

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India's 10-year benchmark government bond yield experienced its largest increase in six months in October, driven by a surge in US Treasury yields. Local yields rose 10 basis points, closing at 6.85%, despite the Reserve Bank of India easing its policy stance to 'neutral'.