On Tuesday, India's central bank released a series of dove-style statements are making the bond market was a great boost, 10-year yield was down further, to 8.67%. However, such a sharp rise in the bond market is not sustainable, because bond traders realized that the Indian government to tighten fiscal tone more than before, which to some extent, India's potential to enhance the borrowing limit. ...Times of India: Indian 10-year yield reached 8.82%
Wednesday, October 26, 2011
Times of India: Indian 10-year yield reached 8.82%
On Tuesday, India's central bank released a series of dove-style statements are making the bond market was a great boost, 10-year yield was down further, to 8.67%. However, such a sharp rise in the bond market is not sustainable, because bond traders realized that the Indian government to tighten fiscal tone more than before, which to some extent, India's potential to enhance the borrowing limit. ...Times of India: Indian 10-year yield reached 8.82%
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