Logo


New 10-year bond issue may be about 7%

The govt said it would issue a new 10-year benchmark on Friday, as the existing one - with a coupon of 7.59% - has nearly exhausted its perceived limit, after raising Rs 87,000 cr through the instrume

Upcoming 10-year bond yield trading at 2009 lows

Thenew10-yearbondmaybeissuedataroundsevenpercent,orlower—anindicationratesintheeconomyhavefallentoamulti-yearlow,eventhoughbanksarenotpassingontheratebenefittotheirborrowers. Thegovernment,onMonday,saiditwouldissueanew10-yearbenchmarkonFriday,astheexistingone—withacouponof7.59percent—hasnearlyexhausteditsperceivedlimit,afterraisingRs87,000crorethroughtheinstrument.ThebondinquestionwasissuedonJanuary11thisyear,theyieldclosedat7.10percent.Couponistheinterestrateat ...