Bond yields hit 7-month low as market cheers RBI’s rate pause

Yield on the most liquid 10-year sovereign bond settled at 7.21 per cent as against 7.28 per cent at previous close. Bond prices and yields move inversely. A decline of one basis point on the 10-year bond yield corresponds to a rise in prices of roughly 7 paise.

Bond yields hit 7-month low as market cheers RBI’s rate pause
Yield on the most liquid 10-year sovereign bond settled at 7.21 per cent as against 7.28 per cent at previous close. Bond prices and yields move inversely. A decline of one basis point on the 10-year bond yield corresponds to a rise in prices of roughly 7 paise.