G-Sec yields nudge up a tad in trades so far
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Government Securities yields nudged up in trades on Thursday as investors awaited the October retail inflation data.
- ✓The 10-year benchmark bond traded at 7.22 per cent, rising from its previous close of 7.21 per cent.
- ✓Traders also watched how the government’s higher fertiliser subsidy allocation might impact future fiscal borrowing.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Business Line
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
Yields of Government Securities (G-Secs) nudged up a tad higher in trades so far on Thursday amid expectation that the October retail inflation reading, due to be announced later this evening, could be higher than the previous month.
The widely tracked 10-year benchmark G-Sec (6.94 per cent GS 2036) is currently trading at 7.22 per cent against the previous close of 7.21 per cent.
Yield of the aforementioned paper hardened 6 basis points on Wednesday from the previous day’s 7.15 per cent.
Market players are watchful about the possible fiscal impact (higher borrowing) of the Government’s fertiliser subsidy allocation of ₹62,370 crore for the Rabi (winter) crop season. The allocation the current Rabi season is 64 per cent higher than the ₹37,950 crore budgeted for the previous year’s season.
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